Complexity Hints for Economic Policy

Know about the book -

Complexity Hints for Economic Policy is written by Massimo Salzano and published by Springer Science & Business Media. It's available with International Standard Book Number or ISBN identification 8847005345 (ISBN 10) and 9788847005341 (ISBN 13).

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.