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The Confused State of Complexity Economics: An Ontological Explanation

  • E. Perona
Part of the New Economic Windows book series (NEW)

Abstract

‘Complexity’ ideas are becoming a hot issue in economics. Originally developed within the natural sciences, complexity theory is now believed by many to be a novel and powerful framework of thought, capable of challenging the fundamental principles sustained by mainstream economics for more than a century. One of its main advocates, David Colander (2000a:31), has written that “Complexity changes everything; well, maybe not everything, but it does change quite a bit in economics”. Also, in a recent issue of a popular scientific magazine, it is suggested that complexity ideas “are beginning to map out a radical and long-overdue revision of economic theory” (Buchanan, New Scientist, 2004:35). Indeed, the proliferation of publications, journals, summer schools, and conferences on complexity economics during the past few years can hardly pass unnoticed.

Keywords

Complexity Theory Traditional Theory Complexity Idea Problematic Feature Confuse State 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Italia 2007

Authors and Affiliations

  • E. Perona
    • 1
  1. 1.Departamento de EconomíaUniversidad Nacional de CórdobaEspain

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