Name: complexity hints for economic policy
SKU: 4241853
Price: 231.27 NZD
Availability: InStock
Author: david colander massimo salzano
ISBN: 9788847005334

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portada complexity hints for economic policy

Type

Physical Book

Publisher

springer

Author

david colander massimo salzano

Collection

new economic windows

Year

2007

Language

English

Pages

333

ISBN

9788847005334

ISBN13

9788847005334

Synopsis "complexity hints for economic policy"

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.