Foundations and Applications of Complexity Economics

This book provides a comprehensive survey of economic complexity, focusing on interdisciplinary ideas and applications. It covers dynamic, computational, hierarchical, and structural complexity, discussing computability, entropy, and the Godel Incompleteness Theorem. The book is suitable for graduate students, professors, and practitioners in economics and related disciplines.

Format: Hardback
Length: 174 pages
Publication date: 22 May 2021
Publisher: Springer Nature Switzerland AG

This comprehensive book delves into the multifaceted realm of economic complexity, offering a comprehensive survey of its various aspects. Focusing on foundational, interdisciplinary ideas, it serves as a sequel to the author's 2011 volume, Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond. This latest edition brings together the rich tapestry of Rosser's earlier work on complexity theory and its widespread applications in economics, as well as an expanded list of related disciplines.

The book commences by providing a comprehensive overview of the broader categories of complexity in economics, encompassing dynamic, computational, hierarchical, and structural dimensions. It then delves into a detailed analysis of these categories, exploring computational complexity in particular, including computability issues and the profound implications of the Godel Incompleteness Theorem.

The subsequent chapters delve into the intricate relationship between entropy, econophysics, evolution, and economic complexity, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, and financial market dynamics. These chapters showcase the profound insights and practical applications of complexity theory in these diverse fields.

In the final chapter, the author endeavors to bring together these diverse themes into a broader framework, while also exposing some of the limitations and challenges associated with analyzing deeper foundational issues. This chapter serves as a valuable resource for graduate students, professors, and practitioners in economics and related disciplines, such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.

By exploring the complexities of economic systems, this book provides a valuable roadmap for understanding the intricate dynamics and interconnections that shape our world. It sheds light on the role of complexity in shaping economic outcomes, decision-making processes, and the evolution of societies. With its interdisciplinary approach, it offers a rich tapestry of insights that can be applied across a wide range of fields.

In conclusion, this book is a must-read for anyone interested in advancing their understanding of economic complexity and its profound implications for our understanding of the world. It is a testament to the author's expertise and dedication to the field, and it will undoubtedly inspire and inform future research and policy endeavors.

Weight: 454g
Dimension: 235 x 155 (mm)
ISBN-13: 9783030706678
Edition number: 1st ed. 2021