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Economics/Finances Complexity Hints for Economic Policy (New Economic Windows)

Posted on 2010-03-15




Name:Economics/Finances Complexity Hints for Economic Policy (New Economic Windows)
ASIN/ISBN:8847005337
Language:English
File size:7.3 Mb
Publisher: Springe(2007-01)
ISBN: 8847005337
File Type: PDF
File Size: 7.3 Mb
Pages: 310 pages
   Economics/Finances Complexity Hints for Economic Policy (New Economic Windows)

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Complexity Hints for Economic Policy (New Economic Windows)

This volume extends the complexity approach to economics. This complexity approach is not a completely new way of doing economics, and that it is a replacement for existing economics, but rather the integration of some new analytic and computational techniques into economists' bag of tools. It provides some alternative pattern generators, which can supplement existing approaches by providing an alternative way of finding patterns than be obtained by the traditional scientific approach. On this new kind of policy hints can be obtained.

The reason why the complexity approach is taking hold now in economics is because the computing technology has advanced. This advance allows consideration of analytical systems that could not previously be considered by economists. Consideration of these systems suggested that the results of the "control-based" models might not extend easily to more complicated systems, and that we now have a method
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