: Massimo Salzano, David Colander
: Complexity Hints for Economic Policy
: Springer-Verlag
: 9788847005341
: 1
: CHF 89.50
:
: Volkswirtschaft
: English
: 311
: Wasserzeichen
: PC/MAC/eReader/Tablet
: PDF

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.