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The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions

Lawrence E. Blume and Steven N. Durlauf (eds)

Published in print:
2005
Published Online:
October 2011
ISBN:
9780195162592
eISBN:
9780199850495
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195162592.001.0001
Subject:
Economics and Finance, Economic Systems

Derived from the 2001 Santa Fe Institute Conference, “The Economy as an Evolving Complex System III,” represents scholarship from the figures in the area of economics and complexity. The subject, a ... More


A New Kind of Complexity Economics?

David Colander and Roland Kupers

in Complexity and the Art of Public Policy: Solving Society's Problems from the Bottom Up

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691169132
eISBN:
9781400850136
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691169132.003.0008
Subject:
Economics and Finance, History of Economic Thought

This chapter begins with a background on the founding of the Santa Fe Institute in 1986 by a number of eminent scientists, such as physicists Murray Gell Mann and David Pines and chemist George ... More


Equilibrium models vs. complexity economics

Lawrence A. Boland

in Equilibrium Models in Economics: Purposes and Critical Limitations

Published in print:
2017
Published Online:
May 2017
ISBN:
9780190274320
eISBN:
9780190274368
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780190274320.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter will critically examine the non-equilibrium-based complexity theory approach to model building. Complexity theory replaces equilibrium-based models with algorithm-based models. Attention ... More


Prosocial Emotions

Samuel Bowles and Herbert Gintis

in The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions

Published in print:
2005
Published Online:
October 2011
ISBN:
9780195162592
eISBN:
9780199850495
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195162592.003.0014
Subject:
Economics and Finance, Economic Systems

This chapter argues that one can understand the evolution of emotions such as guilt and shame as mechanisms that facilitate social cooperation. As such, emotions evolved because of their reproductive ... More


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