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Book synopsis

Economics and the social sciences are, in fact, the "hard" sciences, as Herbert Simon argued, because the complexity of the problems dealt with cannot simply be reduced to analytically solvable models or decomposed into separate subprocesses. Nevertheless, in recent years, the emerging interdisciplinary "sciences of complexity" have provided new methods and tools for tackling these problems, ranging from complex data analysis to sophisticated computer simulations. In particular, advanced methods developed in the natural sciences have recently also been applied to social and economic problems. The 21 chapters of this text reflect this modern development from various modelling perspectives (such as agent-based models, evolutionary game theory, reinforcement learning and neural network techniques, time series analysis, non-equilibrium macroscopic dynamics) and for a broad range of socio-economic applications (market dynamics, technological evolution, spatial dynamics and economic growth, decision processes and agent societies). They jointly demonstrate a shift of perspective in economics and the social sciences that is allowing a new outlook in this field to emerge.

Book details

Book category Books in English Society & social sciences Sociology & anthropology Sociology

• Full title: Modeling Complexity In Economic And Social Systems
• Language: English
• Binding: Paperback
• Number of pages: 404
• EAN: 9789812380357
• ISBN: 9812380353
• ID: 05067226
• Publisher: World Scientific Publishing Co Pte Ltd
• Weight: 676 g
• Dimensions: 250 × 162 × 23 mm
• Date of publishing: 10. December 2002

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