The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions
The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions
Professor of Economics
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Abstract
Derived from the 2001 Santa Fe Institute Conference, “The Economy as an Evolving Complex System III,” represents scholarship from the figures in the area of economics and complexity. The subject, a perennial centerpiece of the SFI program of studies, has gained a wide range of followers for its methods of employing empirical evidence in the development of analytical economic theories. Accordingly, the chapters in this volume address a wide variety of issues in the field of economics and complexity, accessing eclectic techniques from many disciplines, provided that they shed light on the economic problem. Dedicated to Kenneth Arrow on his 80th birthday, this volume honors his many contributions to the Institute. SFI-style economics is regarded as having had an important impact in introducing a new approach to economic analysis.
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Front Matter
- Introduction
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The Epidemiology of Macroeconomic Expectations
Christopher D. Carroll
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Social Learning and the Adoption of Innovations
Charles F. Manski
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Rationality and Selection in Asset Markets
Lawrence E. Blume andDavid Easley
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Statistical Physics and Economic Fluctuations
H. Eugene Stanley and others
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Market Efficiency, the Pareto Wealth Distribution, and the Lévy Distribution of Stock Returns
Moshe Levy
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A Random Order Placement Model of Price Formation in the Continuous Double Auction
J. Doyne Farmer and others
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Multinomial Choice with Social Interactions
William A. Brock andSteven N. Durlauf
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Heterogeneity and Uniqueness in Interaction Games
Stephen Morris andHyun Song Shin
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Perspectives on the Economy as an Evolving Complex System
Larry Samuelson
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The Diffusion of Innovations in Social Networks
H. Peyton Young
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Dynamic Properties of Local Interaction Models
Timothy G. Conley andGiorgio Topa
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Useful Knowledge as an Evolving System: The View from Economic History
Joel Mokyr
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Prosocial Emotions
Samuel Bowles andHerbert Gintis
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End Matter
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