Economy and Complex Systems
The aim of this book is to develop concepts and methods that allow us to deal with economic systems from a unifying physically motivated point of view. An economy is usually classified as a manifestation of complex social systems. To clarify this statement, we have to discuss what we mean by complex systems. Unfortunately, an exact definition of complex systems is still an open problem. In a heuristic manner, we may describe them as:
Complex systems are composed of many particles, or objects, or elements that may be of the same or different kinds. The elements may interact in a more or less complicated fashion by more or less nonlinear couplings.
KeywordsPhase Space Lyapunov Exponent Economic System Liouville Equation Relevant Quantity
Unable to display preview. Download preview PDF.