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The outburst of the 2008 global economic crisis sparked a myriad of criticism on mainstream neoclassical economic theory, held responsible for not even have considered the possibility of the kind of collapse that the subprime mortgage meltdown unleashed. In this paper, it is argued that what...
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-- Systems, Networks, and Policy -- Towards a Complexity-Friendly Policy: breaking the vicious circle of equilibrium thinking in … economic and public policy -- The Information Economy -- Complexity Science & the Art of Policy Making -- The Complexity of …, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems …
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From the two premises that (1) economies are complex systems and (2) the accumulation of knowledge about reality is desirable, I derive the conclusion that pluralism with regard to economic research programs is a more viable position to hold than monism. To substantiate this claim an...
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Standard neoclassical economics asks what agents' actions, strategies, or expectations are in equilibrium with (consistent with) the outcome or pattern these behaviors aggregatively create. Agent-based computational economics enables us to ask a wider question: how agents' actions, strategies,...
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