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Economically relevant information is discovered from experimentation, not deduced from a model.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Most economists now accept the need for more realistic assumptions in economic theory; and methodologies such as network analysis, heterogeneous agent models, evolutionary game theory, and economic lab experiments are becoming standard.
W. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
Economics is, at best, four loosely related disciplines: applied logic, statistical analysis, social theorizing, and historical analysis.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
American Journal of Sociology • Institutionalized Organizations: Formal Structure as Myth and Ceremony on JSTOR
Two great problems in Economics Allocation in the Economy Quantities: General equilibrium, international trade, game-theory outcomes . . . Formation in the Economy Processes: Of econ development, discovering novel technologies, structural change, arrival of new institutions, temporary phenomena like bubbles, crashes . . . The former is
... See moreW. Brian Arthur • Complexity Economics: Proceedings of the Santa Fe Institute's 2019 Fall Symposium
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