| 書(shū)目名稱(chēng) | Economics for a Fairer Society | | 副標(biāo)題 | Going Back to Basics | | 編輯 | Tim Gooding | | 視頻video | http://file.papertrans.cn/302/301955/301955.mp4 | | 概述 | Examines what it would mean to economic theory if, in the long-run, supply and demand did not determine price.Provides an overview of agent-based models in economic theory.Argues the free market is a | | 圖書(shū)封面 |  | | 描述 | .This Palgrave Pivot presents experiments that reveal core dynamics of trade in a complex system. Monetary trade is stripped of all its complications and placed in agent-based models, a complexity research tool capable of reproducing emergent behaviour and evolution. Included are ground-breaking repeatable experiments exploring the impact of evolutionary prerequisites empirically present in markets..Isolating the core dynamics of trade results in very simple agent-based models. However, decades of complexity research demonstrate that even the simplest systems result in emergent behaviour that is extremely difficult to anticipate. Readers who are only familiar with the linear-system theories and models used to train almost all undergraduate economics students might be surprised to witness price detaching from supply and demand, and extreme poverty and wealth arising in trade systems populated by agents with equal ability and opportunity. Watch as empirical evolutionary prerequisites are introduced and price patterns characterising two different markets – asset markets and speculative markets – emerge irrespective of supply and demand..In addition to laying the groundwork of monetary | | 出版日期 | Book 2019 | | 關(guān)鍵詞 | Economic theory; Agent-based models; Complex system; microfounded macroeconomic models; Trade model; Neoc | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-030-17020-2 | | isbn_ebook | 978-3-030-17020-2 | | copyright | The Editor(s) (if applicable) and the Author(s), under exclusive licence to Springer Nature Switzerl |
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