"The recognition of the importance of complex systems in physics and biology has led to their study in economic systems, usually characterized as governed by a large set of interacting nonlinear dynamic systems. It is clear that these phenomena are observable and are not necessarily inconsistent with standard economic reasoning. Professor Rosser has collected a large number of papers, some from not-easily-accessible sources, which show the application of complex system theory to a variety of economic phenomena. This collection will be invaluable to the development of new and necessary thinking in economics."
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Original Language: English
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Kenneth Arrow, blurb on the Complexity In Economics (2004) edited by J. Barkley Rosser
https://en.wikiquote.org/wiki/Complexity
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Complexity
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