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Complexity Hints for Economic Policy

Name: Complexity Hints for Economic Policy
Brand: Springer Verlag
SKU: 01966761
Price: 38733 HUF
Availability: InStock
Author: David Colander
ISBN: 9788847005334

David Colander

Massimo Salzano

Language

English

Book Hardback

Libristo code: 01966761

Publishers Springer Verlag, February 2007

This book considers the benefits of complexity, suggesting that economists should become a bit less... Full description

Libristo code: 01966761

265 b

38 733 Ft

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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.