In this blog article, Dirk Brockmann illustrates how strong heterogeneities, cluster-like structures and high variability in node connectivities can naturally emerge in growing networks. 2019 Level: ekspert Complexity Explorables Dirk Brockmann https://www.complexity-explorables.org This article considers the strengths of agent-based modelling and the ways that it can be used to help central banks understand the economy. These models provide a complement to more traditional economic modelling which has been criticised in the wake of the Great Recession. 2016 Level: zaawansowane Agent-based models: understanding the economy from the bottom up Arthur Turrell Bank of England Modern authors have identified a variety of striking economic patterns, most importantly those involving the distribution of incomes and profit rates. In recent times, the econophysics literature has demonstrated that bottom incomes follow an exponential distribution, top incomes follow a Pareto, profit rates display a tent-shaped distribution. This paper is concerned with the theory underlying various explanations of these phenomena. Traditional econophysics relies on energy-conserving “particle collision” models in which simulation is often used to derive a stationary distribution. Those in the Jaynesian tradition rely on entropy maximization, subject to certain constraints, to infer the final distribution. This paper argues that economic phenomena should be derived as results of explicit economic processes. For instance, the entry and exit process motivated by supply decisions of firms underlies the drift-diffusion form of wage, interest and profit rates arbitrage. These processes give rise to stationary distributions that turn out to be also entropy maximizing. In arbitrage approach, entropy maximization is a result. In the Jaynesian approaches, entropy maximization is the means. 2019 Level: zaawansowane The Econ in Econophysics Anwar Shaikh New School for Social Research, Department of Economics Exploring Economics, an open-access e-learning platform, giving you the opportunity to discover & study a variety of economic theories, topics, and methods. 2017 Level: zaawansowane Socialist alternatives to capitalism II: Vienna to Santa Fe Duncan Foley New School for Social Research, Department of Economics This paper provides a logical framework for complexity economics Complexity economics builds from the proposition that the economy is not necessarily in equilibrium economic agents firms consumers investors constantly change their actions and strategies in response to the outcome they mutually create This further changes the outcome which requires them … 2013 Level: początkujący Complexity Economics : A Different Framework for Economic Thought W. Brian Arthur Oxford University Press The Atlas of Economic Complexity is an award-winning data visualization tool that allows people to explore global trade flows across markets, track these dynamics over time and discover new growth opportunities for every country. 2013 Level: początkujący Atlas of Economic Complexity Ricardo Hausmann and the whole Harvard Growth Lab team Harvard Growth Lab In this book, the author, Intan Suwandi, engages with the question of imperialism through the specific channel of Global Value Chains. 2019 Level: początkujący Value Chains Intan Suwandi NYU Press Lean Logic is the late David Fleming’s masterpiece, the product of more than thirty years’ work and a testament to the creative brilliance of one of Britain’s most important intellectuals. A dictionary unlike any other, it leads readers through Fleming’s stimulating exploration of fields as diverse as culture, history, science, art, logic, ethics, myth, economics, and anthropology, being made up of four hundred and four engaging essay-entries covering topics such as Boredom, Community, Debt, Growth, Harmless Lunatics, Land, Lean Thinking, Nanotechnology, Play, Religion, Spirit, Trust, and Utopia. The threads running through every entry are Fleming’s deft and original analysis of how our present market-based economy is destroying the very foundations—ecological, economic, and cultural— on which it depends, and his core focus: a compelling, grounded vision for a cohesive society that might weather the consequences 2020 Level: początkujący Lean Logic: A Dictionary for the Future and How to Survive It the late Dr. David Fleming LeanLogic.online