From simplistic to complex systems in economics

By John Foster. 2005

359 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/f5d491501911f0c560806138a7ece6d175d6ab08

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

Citations in the corpus

Consumer Co‐creation and Situated Creativity (2008, background): “Such dynamically situated knowledge does not therefore exist in the economic system or in the cultural system, but rather in the agent’s reflexive learning and perceptions of situations, and in the coordination of higher-order ‘mental models’ (Foster 2006).”
Economic Emergence: an Evolutionary Economic Perspective (2012, methodology): “…their analysis through the employment of complex adaptive systems theory, suitably adapted for use in economic settings (see, for example, Allen (2005), Foster (2005), Witt (2008)).1 Our goal in this article is to explore how we can deal with economic emergence from the standpoint of this modern…”
Social network markets: a new definition of the creative industries (2008, background): “28 There is now a significant body of theory and tools for analysis of complex social networks that is becoming increasingly integrated into the complex evolving systems framework of economic analysis (Kirman 1993; Potts 2000; Foster 2006; Ormerod 1998, 2005; Dopfer and Potts 2008a ).”
Evolutionary realism: a new ontology for economics (2004, neutral): “Foster (2003) argues that an economic system is at least four orders of complexity greater than the complexity dealt with in physics.”
The economics of innovation: from the classical legacies to the economics of complexity (2009, background): “As Rosser (1999) and Foster (2005) show, the merging of the theory of complexity and economics contributes to the building of an economic theory of complexity based on non-ergodicity, phase transition and emerging properties.”
The Aims and Scope of Evolutionary Economic Geography (2010, background): “theoretic ideas have received less attention, although the potential of this approach is increasingly recognised, with some authors linking complexity concepts explicitly with the analysis of economic evolution (e.g., Potts, 2000; Foster, 2005; Beinhoker, 2006; Rosser, 2009).”