steady state. This out-of-equilibrium approach is not a minor adjunct to standard economic theory; it is economics done in a …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 …

political economy and also apply the principles to current world problems such as the coronavirus crisis, climate change … principles and concepts can be used to explain current critical issues and problems throughout the world. This book includes … Economics (AFEE) on corruption. The structure of the book starts with two chapters on the principles of institutional and …