ENGLISH

Complexity hints for economic policy (New Economic Windows)

By David C. Colander , Massimo Salzano

Book information

Publisher
Springer
Year
2007
ISBN
8847005337, 9788847005334
Google Books ID
xEq5AAAAIAAJ
Open Library ID
OL9188553M
Language
english
Format
PDF
Filesize
6 MB (6438730 bytes)
Series
New Economic Windows
Edition
1
Pages
323\323
Orientation
no
Scanned
no
Time added
2012-02-04 16:00:00

Description

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.

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