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This volume contains papers that provide an analysis of topics in the following areas: Agent Based Models, Non-linear Time Series Analysis, Financial Market Dynamics, Econo-physics, Deterministic Chaos, Macroeconomic Dynamics.Economics: Complex Windows, does not present contributions to the...
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This paper argues that an evolutionary approach to policy-making, which emphasizes openness to change and political variety, is particularly compatible with the central tenets of classical liberalism. The chief reasons are that classical liberalism acknowledges the ubiquity of uncertainty, as...
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Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with longstanding heterodox schools, and its theoretical and empirical findings are consistent with older...
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evolutionary theory of competition (Hayek, Kerber). Therefore, a model of institutional competition as an institutional search- and … theory. …
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