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Cooperation and Self-organized Criticality for Studying Economic Crises

  • Andrei Sîrghi
  • D. Dumitrescu
Part of the Studies in Computational Intelligence book series (SCI, volume 387)

Abstract

The economics appears to have not paid the required attention and research effort for understanding the destructive phenomena in economic systems. Relying on various widely accepted models and theories that practically avoid the occurrence of failures, depressions, crises and crashes the economic science is incomplete and clearly needs a major reorientation and a change of focus from the deterministic to the holistic perspective.

The causes of unpredictable behaviour in economic systems are investigated and the solutions that can prevent these phenomena are searched for. A new economic model inspired by the paradigm of complex systems based on a connective structure is introduced. Interesting complex behaviour emerges from the simple interactions between the agents. A new, unconventional, cause for economic crises is identified and described.

Keywords

Economic System Economic Good Economic Science Domino Effect Distribution Chain 
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 Berlin Heidelberg 2011

Authors and Affiliations

  • Andrei Sîrghi
    • 1
  • D. Dumitrescu
    • 1
  1. 1.Centre for the Study of ComplexityBabes-Bolyai UniversityCluj-NapocaRomania

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