Name: Principles of Complexity Economics
ISBN: 978-3-031-51435-7

Overview

Authors:

Michael Roos ⁰

Michael Roos
1. Department of Management and Economics / Center for Environmental Management, Resources and Energy (CURE) / Chair of Macroeconomics, Ruhr University Bochum, Bochum, Germany
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Offers a comprehensive overview of the concepts and methods of complexity economics
Includes didactic elements and applications
Provides a sound technical foundation to understand most of the field's research literature

Part of the book series: Classroom Companion: Economics (CCE)

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Keywords

Boulding’s hierarchy of complexity
Social systems
Complexity thinking
W. Brian Arthur
Formation and the collapse of order and structure in the economy
Macro regularities
Macro time series
Methods of complexity economics
Nonlinearity
System dynamics models
Emergence
Diversity and variation
Fundamental uncertainty
Networks and connectedness
Bounded rationality
Political system and the economy
Principles of policy analysis
Climate change

About this book

This textbook serves as an introduction to the rising field of complexity economics. In thirteen chapters, it provides a comprehensive and systematic overview of the concepts and methods of complexity economics and their applications to economic issues.

The book explains that the complexity approach is not just another method, but a worldview that is different from the one of academics with neoclassical training. By contrasting complexity economics with neoclassical economics, the readers are induced to reflect on their own unconscious beliefs about the economic world and develop their own approach to dealing with the pervasive complexities and uncertainties of reality. The first five chapters serve as an introduction and overview. Chapters 6 - 12 present the core concepts of the book. Each of the seven chapters introduces a key concept of complexity and provides applications to economics topics. The final chapter discusses the implications of complexity thinking for economic policy and for the future development of economics.

This textbook addresses advanced undergraduate students and graduate students of economics, interested in a better understanding of the concepts and the way of thinking in complexity economics, as well as in acquiring a sound technical foundation to understand most of the research literature.

Authors and Affiliations

Department of Management and Economics / Center for Environmental Management, Resources and Energy (CURE) / Chair of Macroeconomics, Ruhr University Bochum, Bochum, Germany

Michael Roos

About the author

Michael Roos is a Full Professor of Macroeconomics at the Ruhr-Universität Bochum, Germany. Additionally From 2018 - 2023, Roos served as the Dean of the Faculty of Management and Economics at the Ruhr-Universität. Previously, he was a Lecturer in Economics at the University of East Anglia, Norwich, United Kingdom. His research interest covers a broad range of topics related to the analysis of complex systems and the transition of economies towards more sustainability. In particular, his research focuses on climate change and the transformation of the mobility system and the energy system. He also has a strong interest in the philosophy of science and ethics and advocates more pluralism in economics.

Bibliographic Information

Book Title: Principles of Complexity Economics
Book Subtitle: Concepts, Methods and Applications
Authors: Michael Roos
Series Title: Classroom Companion: Economics
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2024
Hardcover ISBN: 978-3-031-51435-7Due: 01 June 2024
Softcover ISBN: 978-3-031-51438-8Due: 01 June 2024
eBook ISBN: 978-3-031-51436-4Due: 01 June 2024
Series ISSN: 2662-2882
Series E-ISSN: 2662-2890
Edition Number: 1
Number of Pages: X, 350
Number of Illustrations: 334 illustrations in colour

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Principles of Complexity Economics