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Complexity In Economics Simone Landini Giacomo Gallegati Mauro Gallegati

  • SKU: BELL-230165990
Complexity In Economics Simone Landini Giacomo Gallegati Mauro Gallegati
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Complexity In Economics Simone Landini Giacomo Gallegati Mauro Gallegati instant download after payment.

Publisher: Cambridge University Press
File Extension: PDF
File size: 2.57 MB
Author: Simone Landini, Giacomo Gallegati & Mauro Gallegati
ISBN: 9781009547765, 1009547763
Language: English
Year: 2024

Product desciption

Complexity In Economics Simone Landini Giacomo Gallegati Mauro Gallegati by Simone Landini, Giacomo Gallegati & Mauro Gallegati 9781009547765, 1009547763 instant download after payment.

Neoclassical economics is heavily based on a formalistic method, primarily centred on mathematical deduction. Consequently, mainstream economists became overfocused on describing the states of an economy rather than understanding the processes driving these states. However, many phenomena arise from the intricate interactions among diverse elements, eluding explanation solely through micro-level rules. Such systems, characterised by emergent properties arising from interactions, are defined as complex. This Element delves into the complexity approach, portraying the economy as an evolving system undergoing structural changes over time.

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