This paper discusses the debate between those advocating a computational and those advocating a dynamic definition of complexity, and how this relates to issues in econophysics. It then reviews the criticisms that have been raised about ways in which econophysics has been done, noting that many...

The authors of this article review the late E. Lynn Turgeon's contributions to economics, including his studies of the Soviet economy, use of qualitative and demographic analyses, his Keynesian critique of U.S. economic performance, and his critique of international financial markets. Turgeon's...

Countries across the globe have undergone financialization of their economies over the recent decades. Concomitantly, asset markets have exhibited high levels of volatility with sharp increases characteristic of speculative bubbles followed by even sharper crashes. This paper attempts to test...

It is a pleasure to present to our readers this special issue on Issues in the Methodology of Experimental Economics. While there are no headings to delineate them, this issue consists of three sections. The first consists of a target article by Vernon Smith that is based on a talk given by him...

Paul Davidson is one of the best known and most influential Post Keynesian economists. He has insisted throughout his career that economists should focus on real world problems and that the purpose of economic policy is to help society become more humane and civilized. He is also known for his...

Three principles of dialectical analysis are examined in terms of non-linear dynamics models. The three principles are the transformation of quantity into quality, the interpenetration of opposites, and the negation of the negation. The first two of these especially are interpreted within the...

For transition economies, income inequality is positively correlated with the share of output in the informal economy. Increases in income inequality also tend to be correlated with increases in the share of output produced in the informal economy. These hypotheses are supported significantly by...

Various complex dynamics in ecologic-economic systems are presented with an emphasis upon models of global warming and fishery dynamics. Chaotic and catastrophic dynamic patterns are shown to be possible, along with amplified oscillations due to these non-linear interactions in the combined...

We present three arguments regarding the limits to rationality, prediction and control in economics, based on Morgenstern's analysis of the Holmes-Moriarty problem. The first uses a standard metamathematical theorem on computability to indicate logical limits to forecasting the future. The...