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The Economy as an Evolving Complex System, III
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The Economy as an Evolving Complex System, III: Current Perspectives and Future Directions

Lawrence E. Blume and Steven N. Durlauf

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 econom ... More

Keywords: Santa Fe Institute, economy, complexity, empirical evidence, analytical economic theories, economic problem, economic analysis

Bibliographic Information

Print publication date: 2005 Print ISBN-13: 9780195162592
Published to Oxford Scholarship Online: October 2011 DOI:10.1093/acprof:oso/9780195162592.001.0001

Authors

Affiliations are at time of print publication.

Lawrence E. Blume, editor
Cornell University

Steven N. Durlauf, editor
University of Wisconsin

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Contents

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Introduction

Lawrence E. Blume, and Steven N. Durlauf

Rationality and Selection in Asset Markets

Lawrence E. Blume, and David Easley

Statistical Physics and Economic Fluctuations

H. Eugene Stanley, Xavier Gabaix, Parameswaran Gopikrishnan, and Vasiliki Plerou

A Random Order Placement Model of Price Formation in the Continuous Double Auction

J. Doyne Farmer, László Gillemot, Giulia Iori, Supriya Krishnamurthy, D. Eric Smith, and Marcus G. Daniels

Multinomial Choice with Social Interactions

William A. Brock, and Steven N. Durlauf

Heterogeneity and Uniqueness in Interaction Games

Stephen Morris, and Hyun Song Shin

Dynamic Properties of Local Interaction Models

Timothy G. Conley, and Giorgio Topa

Prosocial Emotions

Samuel Bowles, and Herbert Gintis

End Matter