Non Equilibrium Social Science and Policy Introduction and Essays on New and Changing Paradigms in Socio Economic Thinking 1st Edition by Jeffrey Johnson, Andrzej Nowak, Paul Ormerod, Bridget Rosewell, Yi Cheng Zhang 9783319424248

Non Equilibrium Social Science and Policy Introduction and Essays on New and Changing Paradigms in Socio Economic Thinking 1st Edition by Jeffrey Johnson, Andrzej Nowak, Paul Ormerod, Bridget Rosewell, Yi-Cheng Zhang  – Ebook PDF Instant Download/DeliveryISBN: 9783319424248

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ISBN-13 :  9783319424248

Author:  Jeffrey Johnson, Andrzej Nowak, Paul Ormerod, Bridget Rosewell, Yi-Cheng Zhang 

The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today – with vested interests getting too often in the way of real advances.

Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science – an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and relateddata mining.

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Tags: Non Equilibrium, Social Science, Policy Introduction, Changing Paradigms, Socio Economic, Jeffrey Johnson, Andrzej Nowak, Paul Ormerod, Bridget Rosewell, Yi Cheng Zhang