The Economy As an Evolving Complex System, III: Current Perspectives and Future Directions

Paperback | October 31, 2005

EditorLawrence E. Blume, Steven N. Durlauf

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Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III," represents scholarship from the leading figures in th area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies has gained a wide range of followersfor its methods of employing empirical evidence in the development of analytical economic theories. Accordingly, the chapters in this volume addresses a wide variety of issues in the fields of economics and complexity, accessing eclectic techniques from many disciplines, provided that they shedlight on the economic problem. Dedicated to Kenneth Arrow on his 80th birthday, this volume honors his many contributions to the Institute. SFI-style economics is regarded as having had an important impact in introducing a new approach to economic analysis.

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Derived from the 2001 Santa Fe Institute Conference, "The Economy as an Evolving Complex System III," represents scholarship from the leading figures in th area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies has gained a wide range of followersfor its methods of employing empirical evid...

Lawrence E. Blume is at Cornell University. Steven N. Durlauf is at University of Wisconsin.

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Format:PaperbackDimensions:392 pages, 5.98 × 9.09 × 0.59 inPublished:October 31, 2005Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0195162595

ISBN - 13:9780195162592

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Table of Contents

Lawrence E. Blume and Steven N. Durlauf: IntroductionChristopher D. Carroll: The Epidemiology of Macroeconomic ExpectationsCharles F. Manski: Social Learning and the Adoption of KnowledgeLawrence E. Blume and David Easley: Rationality and Selection in Asset MarketsH. Eugene Stanley, Xavier Gabaix, Parameswaran Gopikrishnan, and vasiliki Plerou: Statistical Physics and Economic FluctuationsMoshe Levy: Market Efficiency, the Pareto Wealth Distribution. And the Levy Distribution of Stock ReturnsJ. Doyne Farmer, Laszlo, Giulia Iori, Supriya Krishnamurthy, D. Eric Smith, and Marcus Daniels: A Random Order Placement Model of Price Formulation in the Continuos Double ActionWilliam A. Brock and Steven N. Durlauf: Multinomial Choice with Social InteractionsStephen Morris and Hyun Song Shin: Heterogeneity and Uniqueness in Interaction GamesLarry Samuelson: Perspectives on the Economy as an Evolving Complex SystemH. Peyton Young: The Diffusion of Innovations in Social NetworksTimothy G. Conley and Giogo Topa: Dynamic Properties of Local Interaction ModelsJoel Mokyr: Useful Knowledge as an Evolving System: The View from Economic HistorySamuel Bowles and Herbert Gintis: Prosocial EmotionsIndex

Editorial Reviews

"If this volume is the tombstone of the Economics Program at SFI, then it is a worthy and substantial tombstone. The editors deserve applause." -- Journal of Economic Behavior and Organization