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    3. Complexity Hints for Economic Policy (New Economic Windows) (Repost)

    Complexity Hints for Economic Policy (New Economic Windows) (Repost)

    Posted By: leonardo78
    Date: 26 Dec 2017 06:29:37
    Complexity Hints for Economic Policy (New Economic Windows) (Repost)

    Complexity Hints for Economic Policy (New Economic Windows) by Massimo Salzano,‎ David Colander
    Language: English | 2007 | ISBN: 8847005337 | 311 pages | PDF | 6,12 MB

    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.
    UPWARDS