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Complex dynamics in economics arise from nonlinear systems that do not converge to a fixed point, a limit cycle, or explode or implode exponentially due to endogenous factors. They arise from cybernetics, catastrophe theory, chaos theory, or the varieties of modern complexity theory, including models with heterogeneous, interacting agents. This major three-volume collection presents the most important papers in the area of complexity in economics. Topics include: Volume I: Philosophical and Methodological Overviews; Social ...

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Complexity in Economics 2004, Edward Elgar Publishing, Cheltenham

ISBN-13: 9781840649895

Hardcover