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Barriers and Bounds to Rationality: Essays on Economic Complexity and Dynamics in Interactive Systems

Hardback

Main Details

Title Barriers and Bounds to Rationality: Essays on Economic Complexity and Dynamics in Interactive Systems
Authors and Contributors      By (author) Peter Albin
Edited by Duncan K. Foley
SeriesPrinceton Studies in Complexity
Physical Properties
Format:Hardback
Pages:296
Dimensions(mm): Height 235,Width 152
Category/GenreEconomic theory and philosophy
ISBN/Barcode 9780691026763
ClassificationsDewey:330.01
Audience
Professional & Vocational
Tertiary Education (US: College)
Illustrations 36 line illus. 23 halftones 12 tables

Publishing Details

Publisher Princeton University Press
Imprint Princeton University Press
Publication Date 26 April 1998
Publication Country United States

Description

This is a collection of articles by the author on the application of cellular automata and complexity theory to economic problems. He analyzes economic systems as interactions of highly complex components and uses the theories of generative linguistics and cellular automata to establish that the complexity level of economic systems is, in principle, that of a Turing machine or general-purpose computer.

Author Biography

Peter S. Albin, Professor Emeritus of Economics at the City University of New York, is author of The Analysis of Complex Socio-Economic Systems and Progress without Poverty. Duncan K. Foley is Professor of Economics at Barnard College of Columbia University. His books include Understanding Capital and Money, Accumulation and Crisis.