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complexity hints for economic policy (in English)
David Colander Massimo Salzano (Author)
·
springer
· Physical Book
complexity hints for economic policy (in English) - david colander massimo salzano
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Synopsis "complexity hints for economic policy (in English)"
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.
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The book is written in English.
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