Abstract |
This paper examines the rising competition between computational and dynamic conceptualizations of complexity in economics. While computable economics views the complexity as something rigorously defined based on concepts from probability, information, and computability criteria, dynamic complexity is based on whether a system endogenously and deterministically generates erratically dynamic behavior of certain kinds. On such behavior is the phenomenon of emergence, the appearance of new forms or structures at higher levels of a system from processes occurring at lower levels. While the two concepts can overlap, they represent substantially different perspectives. A competition of sorts between them may become more important as new, computerized market systems emerge and evolve to higher levels of complexity of both kinds.
|
Keywords | No keywords specified (fix it) |
Categories |
No categories specified (categorize this paper) |
Options |
![]() ![]() ![]() ![]() |
Download options
References found in this work BETA
No references found.
Citations of this work BETA
No citations found.
Similar books and articles
Coherence in the Midst of Complexity: Advances in Social Complexity Theory.Hugo K. Letiche - 2011 - Palgrave-Macmillan.
Adding Ingredients to the Self-Organizing Dynamic System Stew: Motivation, Communication, and Higher-Level Emotions – and Don't Forget the Genes!Ross Buck - 2005 - Behavioral and Brain Sciences 28 (2):197-198.
Androids and Agents: Do We Need a Non‐Computational Economics?Wolfram Latsch - 2003 - Journal of Economic Methodology 10 (3):375-396.
From Complexity Concepts to Creative Applications.Lesley Kuhn & Robert Woog - 2007 - World Futures 63 (3 & 4):176 – 193.
Modeling of Phenomena and Dynamic Logic of Phenomena.Boris Kovalerchuk, Leonid Perlovsky & Gregory Wheeler - 2011 - Journal of Applied Non-Classical Logic 22 (1):1-82.
Physical Complexity and Cognitive Evolution.Peter Jedlicka - 2007 - In Carlos Gershenson, Diederik Aerts & Bruce Edmonds (eds.), Worldviews, Science, and Us: Philosophy and Complexity. World Scientific. pp. 221--231.
Analytics
Added to PP index
2009-01-28
Total views
47 ( #216,360 of 2,419,999 )
Recent downloads (6 months)
3 ( #248,854 of 2,419,999 )
2009-01-28
Total views
47 ( #216,360 of 2,419,999 )
Recent downloads (6 months)
3 ( #248,854 of 2,419,999 )
How can I increase my downloads?
Downloads