Chapter

Introduction

Lawrence E. Blume and Steven N. Durlauf

in The Economy as an Evolving Complex System, III

Published in print October 2005 | ISBN: 9780195162592
Published online October 2011 | e-ISBN: 9780199850495 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195162592.003.0001

Series: Santa Fe Institute Studies on the Sciences of Complexity

Introduction

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The topics in this book are derived from work done at the conference The Economy as an Evolving Complex System III, held at the Santa Fe Institute in November 2001. To a great extent, the original motivation for the Economics Program revolved around the belief that economic research could benefit from an injection of new mathematical modes and new substantive perspectives on human behavior. This book deals with four important themes concerning the following: the nature of learning; the identification and analysis of pattern in individual and aggregate data, primarily in financial markets; the analysis of social interactions; and efforts to use insights from evolutionary theory to understand aspects of individual and social cognition.

Keywords: economy; Evolving Complex System; financial markets; social interaction; evolutionary theory

Chapter.  1768 words. 

Subjects: Economic Systems

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