by A conference from the World Economics Association – 2nd October to 30th November 2017 Conference leaders: John B. Davis and Wade Hands Keynote papers Strategies in relation to complexities: From neoclassical Cost-Benefit Analysis to Positional Analysis Peter Söderbaum In this essay neoclassical Cost-Benefit Analysis (CBA) is criticized as beinng too simplistic and also too specific in ideological terms. Positional Analysis (PA) is advocated as an alternative based on a definition of economics in terms of multidimensional analysis and …More › READ THE PAPER AND COMMENT A Cognitive Behavioral Modelling for Coping with Intractable Complex Phenomena in Economics and Social Science: Deep Complexity Robert Delorme It is argued in this paper that there is an issue of complex
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A conference from the World Economics Association – 2nd October to 30th November 2017
Conference leaders: John B. Davis and Wade Hands
Keynote papers
Strategies in relation to complexities: From neoclassical Cost-Benefit Analysis to Positional Analysis
Peter Söderbaum
In this essay neoclassical Cost-Benefit Analysis (CBA) is criticized as beinng too simplistic and also too specific in ideological terms. Positional Analysis (PA) is advocated as an alternative based on a definition of economics in terms of multidimensional analysis and …
More ›
Robert Delorme
It is argued in this paper that there is an issue of complex phenomenal intractability in economics, in particular, and in social science in general, and that it is unduly neglected in theorizing in these areas. This intractability is complex …
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Contributions from the History of Economics
Complexity in the theory of economic evolution of Thorstein Veblen: an introduction
João Vitor Oliveira da Silva
Thorstein Veblen is a classic author, recognized for his writings on institutions and economic change. The complexity perspective, on the other hand, is a relatively contemporary approach for studying a considerable range of phenomena both in natural and social sciences. …
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Soft Dualism in Adam Smith’s Theory of Moral Sentiments: The Body, the Person and the non-Egoistic Personal Body
Nizar HARIRI
In his Theory of Moral Sentiments, Adam Smith defended a mind-body dualism, through a metaphor that considered the body as “home”: sympathy is bringing, through imagination, and only through imagination, other people’s emotions back home, to one’s personal body. In …
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The evolutionary dimension of Hayek’s thought: cultural selection and spontaneous order
Loranna Buzzo
The project’s basic axis the notion of order and cultural evolution by selection at the thought of Hayek. However, to highlight this aspect was necessary to analyze many other aspects of his work, as well as enter in the literature …
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Complexity and Agency
Limitations on the Perspective of Representative Economic Agent: Agent Based Model’s Alternative
João Victor Souza da Silva & Solange Regina Marin
Economic Science emerges from the questions about the behavior human, conflict and social order. Smith, preoccupied with the complexity of social relations and economic phenomena, point out the individual as basis of Political Economics. For the author, social and economic …
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Autonomous Agents and Economic Complexities: A Philosophical Excursion
Greg Hill
This paper develops a conception of autonomous agents who, lacking the ready-made and complete list of possible states afforded their DSGE counterparts, must envision their own ―state space.‖ Such agents can and must do more than perform constrained optimization exercises; …
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Complexity and Economics
Victor A. Beker
Nobody will discuss that the economy constitutes a very complex system. The traditional approach to understanding it has been to reduce complexities to simple rules and behaviors, abstracting of many features of the real economy. An alternative to reductionism consists …
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Changing Economics
Developing a perspective on transition economies as complex systems
Dr. Viktorija Mano
Decades of blindly following mainstream economic policy has opened a new potentiality of research, especially since most of the phenomena that occur around us are caused by and interact with many other parts within a complex globalised world. The objective …
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Money, Cycles and Complexity
Prof. Dr. G. T. Ganchev
The main idea of the present paper is that the appropriate inclusion of money and monetary circulation into economic analysis implies shift from acyclic to cyclic economic mathematical models. In the same tame such transition allows for the analysis of …
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Methodological Dimension
Mixed-method to deal with complexity in economic research
Thi Ngoc Bich NGO
Despite the fact that mathematical deductivist models in line with positivism are mostly considered as the conventional way to do economic research, those have been criticised for failing to deal with social complexities. The complexities in economics may come from …
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What is complexity economics, why is it heterodox, and what are its policy implications?
Wolfram Elsner
Complexity economics has developed into a powerful empirical, theoretical, and computational research program in the last three decades, advancing more realistic economics. It converges with long-standing heterodox schools, and its theoretical and empirical findings are consistent with older heterodox research …
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Agent-Based Modeling’s Open Methodology Approach:Simulation, Reflexivity, and Abduction
John B. Davis
This paper argues that agent-based modeling’s innovations in method developed in terms of simulation techniques also involve an innovation in economic methodology. It shows how Epstein’s generative science conception departs from conventional methodological reasoning, and employs what I term an …
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Complexity Economics and the Accounting Framework
Frederico Botafogo
This working paper introduces a formal language to frame the concept of complexity within economic theory. The purpose is to provide a consistent analytical framework within which the varied aspects of complexity may be given expression. The intuition underlying the …
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