Salzano / Colander Complexity Hints for Economic Policy

1. Auflage 2007
ISBN: 978-88-470-0534-1
Verlag: Springer Milan
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 311 Seiten

Reihe: New Economic Windows

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.

Autoren/Hrsg.

Salzano, Massimo

Colander, David