Skip to content

The Economy as an Evolving Complex System II
Stock Photo: Cover May Be Different

The Economy as an Evolving Complex System II Paperback - 1997

by W. Brian Arthur; Steven N. Durlauf; David Lane

From the publisher

A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years, This volume is a collection of articles that shape and define this view?a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given legal and social structures. The complexity approach, by contrast, sees economic activity as continually changing?continually in process. The interacting agents are typically heterogeneous, they must cognitively interpret the problems they face, and together they create the structures?markets, legal and social institutions, price patters, expectations?to which they individually react. Such structures may never settle down. Agents may forever adapt and explore and evolve their behaviors within structures that continually emerge and change and disappear?structures these behaviors co-create. This complexity approach does not replace the equilibrium one?it complements it.The papers here collected originated at a recent conference at the Santa Fe Institute, which was called to follow up the well-known 1987 SFI conference organized by Philip Anderson, Kenneth Arrow, and David Pines. They survey the new study of complexity and the economy. They apply this approach to real economic problems and they show the extent to which the initial vision of the 1987 conference has come to fruition.

First line

We propose a theory of asset pricing based on heterogeneous agents who continually adapt their expectations to the market that these expectations aggregatively create.

Details

  • Title The Economy as an Evolving Complex System II
  • Author W. Brian Arthur; Steven N. Durlauf; David Lane
  • Binding Paperback
  • Edition REV
  • Pages 600
  • Volumes 1
  • Language ENG
  • Publisher CRC Press, Reading, MA
  • Date January 1, 1997
  • ISBN 9780201328233 / 0201328232
  • Weight 1 lbs (0.45 kg)
  • Dimensions 9 x 6 x 1.33 in (22.86 x 15.24 x 3.38 cm)
  • Library of Congress subjects Evolutionary economics - Congresses, Rational expectations (Economic theory) -
  • Library of Congress Catalog Number 97037913
  • Dewey Decimal Code 330

About the author

W. Brian Arthur is a Citibank Professor at the Santa Fe Institute. From 1983 to 1996 he was Dean and Virginia Morrison Professor of Population Studies and Economics at Stanford University. Arthur has been associated with the Santa Fe Institute since 1987; he directed its first program: the economy as an evolving, complex system. He currently serves on SFI's science board and its board of trustees and is well known in economics for his work on increasing return and path dependence. Steven N. Durlauf is professor of economics at the University of Wisconsin at Madison and since 1996 co-director of the economics program at the Santa Fe Institute. He received his B.A. in economics from Harvard in 1980 and his Ph.D. in economics from Yale in 1986. He has published widely in the areas of macroeconomics, econometrics, and income inequality. David A. Lane is professor of statistics in the Faculty of Economics at the University of Modena in Italy. He is a member of the external faculty and the science board of the Santa Fe Institute and is a past co-director of the Institute's economics program. W. Brian Arthur is a Citibank Professor at the Santa Fe Institute. From 1983 to 1996 he was Dean and Virginia Morrison Professor of Population Studies and Economics at Stanford University. Arthur has been associated with the Santa Fe Institute since 1987; he directed its first program: the economy as an evolving, complex system. He currently serves on SFI's science board and its board of trustees and is well known in economics for his work on increasing return and path dependence. Steven N. Durlauf is professor of economics at the University of Wisconsin at Madison and since 1996 co-director of the economics program at the Santa Fe Institute. He received his B.A. in economics from Harvard in 1980 and his Ph.D. in economics from Yale in 1986. He has published widely in the areas of macroeconomics, econometrics, and income inequality. David A. Lane is professor of statistics in the Faculty of Economics at the University of Modena in Italy. He is a member of the external faculty and the science board of the Santa Fe Institute and is a past co-director of the Institute's economics program.
Back to Top↑

More Copies for Sale

The Economy As An Evolving Complex System II (Santa Fe Institute Series)
Stock Photo: Cover May Be Different

The Economy As An Evolving Complex System II (Santa Fe Institute Series)

by W. Brian Arthur [Editor]; Steven N Durlauf [Editor]; David Lane [Editor];

  • Used
  • very good
  • Paperback
Condition
Used - Very Good
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
homeagain
Waynesville, Ohio, United States
Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Item Price
$35.00
$5.50 shipping to USA

Show Details

Description:
CRC Press, 1997-10-06. Paperback. Very Good. 8x6x1. ***Please Read*** very light bump on back top spine- No marks on text - My shelf location 12-C-9*
Item Price
$35.00
$5.50 shipping to USA
The Economy As An Evolving Complex System II (Santa Fe Institute Series)
Stock Photo: Cover May Be Different

The Economy As An Evolving Complex System II (Santa Fe Institute Series)

by W. Brian Arthur [Editor]; Steven N Durlauf [Editor]; David Lane [Editor];

  • Used
  • very good
  • Paperback
Condition
Used - Very Good
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
pdkeen
washington, District of Columbia, United States
Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Item Price
$40.93
FREE shipping to USA

Show Details

Description:
CRC Press, 1997-10-06. paperback. Very Good. 9x5x1. Paperback. Strong binding. Clean, unmarked text. Thanks for looking!
Item Price
$40.93
FREE shipping to USA
The Economy as an Evolving Complex System II.
Stock Photo: Cover May Be Different

The Economy as an Evolving Complex System II.

by W. Brian Arthur, Steven N. Durlauf and David A. Lane, (Editors).

  • Used
  • Paperback
  • first
Condition
Used
Edition
First Edition Thus (1997), Second Printing.
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
Black Cat Hill Books
Oregon City, Oregon, United States
Seller rating:
This seller has earned a 4 of 5 Stars rating from Biblio customers.
Item Price
$63.70
$5.75 shipping to USA

Show Details

Description:
Reading, MA Addison-Wesley , 1997. Paperback First Edition Thus (1997), Second Printing. Very Near Fine. just a hint of wear to the extremities; else flawless; the binding is square and secure; the text is clean. Free of creases to the panels. Free of creases to the backstrip. Free of creased or dog-eared pages in the text. Free of underlining, hi-lighting, notations, or marginalia. Free of any ownership names, dates, addresses, notations, inscriptions, stamps, plates, or labels. A handsome, nearly-new copy, structurally sound and tightly bound, showing the very mildest wear only. Bright and clean. Corners sharp. Very close to 'As New'. NOT a Remainder, Book-Club, or Ex-Library. 8vo. (9.15 x 6.5 x 1.25 inches). xii, 583 pages. Language: English. Weight: 31.5 ounces. Perseus Advanced Book Program. First Edition Thus (1997), Second Printing. Academic Press Paperback. A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten… Read More
Item Price
$63.70
$5.75 shipping to USA
The Economy as an Evolving Complex System II.
Stock Photo: Cover May Be Different

The Economy as an Evolving Complex System II.

by W. Brian Arthur, Steven N. Durlauf and David A. Lane, (Editors).

  • Used
  • Paperback
  • first
Condition
Used
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
Black Cat Hill Books
Oregon City, Oregon, United States
Seller rating:
This seller has earned a 4 of 5 Stars rating from Biblio customers.
Item Price
$68.60
$5.75 shipping to USA

Show Details

Description:
Reading, MA Addison-Wesley , 1997. Paperback Fine. Still in shrinkwrap (so we are not able to confirm that this is a first edition); flawless; the binding is square and secure; the text is clean. 'As New'. NOT a Remainder, Book-Club, or Ex-Library. 8vo. (9.15 x 6.5 x 1.25 inches). xii, 583 pages. Language: English. Weight: 31.5 ounces. Perseus Advanced Book Program. Academic Press Paperback. A new view of the economy as an evolving, complex system has been pioneered at the Santa Fe Institute over the last ten years. This volume is a collection of articles that shape and define this view—a view of the economy as emerging from the interactions of individual agents whose behavior constantly evolves, whose strategies and actions are always adapting.The traditional framework in economics portrays economic activity within an equilibrium steady state. The interacting agents in the economy are typically homogenous, solve well-defined problems using perfect rationality, and act within given… Read More
Item Price
$68.60
$5.75 shipping to USA
The Economy As An Evolving Complex System II
Stock Photo: Cover May Be Different

The Economy As An Evolving Complex System II

by W.Brian Arthur

  • New
  • Paperback
Condition
New
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
The Saint Bookstore
Southport, Merseyside, United Kingdom
Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Item Price
$92.22
$12.60 shipping to USA

Show Details

Description:
Paperback / softback. New. The Economy as an Evolving System II will fascinate economists of all types.
Item Price
$92.22
$12.60 shipping to USA
The Economy As An Evolving Complex System II (Santa Fe Institute Series)
Stock Photo: Cover May Be Different

The Economy As An Evolving Complex System II (Santa Fe Institute Series)

by W. Brian Arthur [Editor]; Steven N Durlauf [Editor]; David Lane [Editor];

  • New
  • Paperback
Condition
New
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
GridFreed LLC
San Diego, California, United States
Seller rating:
This seller has earned a 5 of 5 Stars rating from Biblio customers.
Item Price
$102.52
$5.45 shipping to USA

Show Details

Description:
CRC Press, 1997-10-06. Paperback. New. New. In shrink wrap. Looks like an interesting title!
Item Price
$102.52
$5.45 shipping to USA
The Economy As An Evolving Complex System II (Santa Fe Institute Series)
Stock Photo: Cover May Be Different

The Economy As An Evolving Complex System II (Santa Fe Institute Series)

by W. Brian Arthur

  • Used
  • Paperback
Condition
Used:Good
Edition
1
Binding
Paperback
ISBN 10 / ISBN 13
9780201328233 / 0201328232
Quantity Available
1
Seller
Ergodebooks
HOUSTON, Texas, United States
Seller rating:
This seller has earned a 4 of 5 Stars rating from Biblio customers.
Item Price
$129.33
FREE shipping to USA

Show Details

Description:
CRC Press, 1997-10-06. 1. paperback. Used:Good.
Item Price
$129.33
FREE shipping to USA
Show all copies
Back to Top↑

Hang on… we’re fetching the requested page.