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portada complexity hints for economic policy
complexity hints for economic policycomplexity hints for economic policy
Type
Physical Book
Publisher
Author
Collection
new economic windows
Year
2007
Language
English
Pages
333
ISBN
9788847005334
ISBN13
9788847005334
Categories

complexity hints for economic policy

David Colander Massimo Salzano (Author) · springer · Physical Book

complexity hints for economic policy - david colander massimo salzano

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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.

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