Nonlinearity, Complexity and Randomness in Economics

Nonlinearity, Complexity and Randomness in Economics
Author :
Publisher : John Wiley & Sons
Total Pages : 352
Release :
ISBN-10 : 9781118300435
ISBN-13 : 1118300432
Rating : 4/5 (35 Downloads)

Book Synopsis Nonlinearity, Complexity and Randomness in Economics by : Stefano Zambelli

Download or read book Nonlinearity, Complexity and Randomness in Economics written by Stefano Zambelli and published by John Wiley & Sons. This book was released on 2012-01-17 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nonlinearity, Complexity and Randomness in Economics presents a variety of papers by leading economists, scientists, and philosophers who focus on different aspects of nonlinearity, complexity and randomness, and their implications for economics. A theme of the book is that economics should be based on algorithmic, computable mathematical foundations. Features an interdisciplinary collection of papers by economists, scientists, and philosophers Presents new approaches to macroeconomic modelling, agent-based modelling, financial markets, and emergent complexity Reveals how economics today must be based on algorithmic, computable mathematical foundations


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Throughout the history of economics, a variety of analytical tools have been borrowed from the so-called exact sciences. As Schoe?er (1955) puts it: “They hav