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Computability and Evolutionary Complexity: Markets as Complex Adaptive Systems (CAS)

Markose, SM (2005) 'Computability and Evolutionary Complexity: Markets as Complex Adaptive Systems (CAS).' The Economic Journal, 115 (504). F159 - F192. ISSN 0013-0133

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Abstract

Few will argue that the epi-phenomena of biological systems and socio-economic systems are anything but complex. The purpose of this Feature is to examine critically and contribute to the burgeoning multi-disciplinary literature on markets as complex adaptive systems (CAS). The new sciences of complexity, the principles of self-organisation and emergence along with the methods of evolutionary computation and artificially intelligent agent models have been developed in a multi-disciplinary fashion. The cognoscenti here consider that complex systems whether natural or artificial, physical, biological or socio-economic can be characterised by a unifying set of principles. Further, it is held that these principles mark a paradigm shift from earlier ways of viewing such phenomenon.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Social Sciences > Economics, Department of
Depositing User: Jim Jamieson
Date Deposited: 16 Aug 2012 13:55
Last Modified: 16 Jan 2018 16:15
URI: http://repository.essex.ac.uk/id/eprint/3725

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