Complexity and the Economy

W. Brian Arthur

Recommended By

Book Reviews

Michael Mauboussin: "Some good mental models"

Book Synopsis

"Complexity and the Economy" by W. Brian Arthur delves into the intricate relationship between complexity theory and economics. Arthur explores how complexity theory can shed light on the behavior of economic systems, challenging traditional economic models. Drawing on examples and research from various fields, the book investigates the non-linear dynamics, self-organization, and emergence that underpin economic phenomena. Arthur emphasizes the importance of viewing the economy as a complex adaptive system, pointing out how small changes can lead to significant fluctuations. Addressing key concepts such as path dependency, lock-in, and innovative ecosystems, Arthur argues for a more nuanced understanding of economic processes. As a pioneer in the field, "Complexity and the Economy" provides a compelling and illuminating perspective on the intricacies of economic systems and the implications for policy and decision-making.

Explore More Books

See All
Euclid's Elements
The Case Against Sugar
Fables
Flowers for Algernon
For The Love Of Physics
The Humane Economy
Memoirs
The Great Mental Models
Think and Grow Rich
History Has Begun
The Story of Civilization: Rousseau and Revolution
The Social Animal
The Worlds I See
Mismatch
The E-Myth Revisited
Citizen Coke
Last Chance to See
The World Without Us
A Confederacy of Dunces
It's Not How Good You Are - It's How Good You Want To Be
Pre-Suasion
The Art of Stillness
What We Owe the Future
Maverick
Letters to a Young Poet
You
Black Box Thinking
Being Nixon
The Black Book of Communism
In Patagonia
Deep Learning
Economics in One Lesson
Monetizing Innovation
Deep Learning
The Dream of Reason
Why Minsky Matters
Everything All At Once
Gay Like Me
Benjamin Franklin
Why Information Grows
The Sympathizer
Home Game
Dancing In The Glory Of Monsters
Go To
The Water Dancer
The Myth of the Strong Leader
Where Do School Funds Go?
So Good They Can't Ignore You
One Hundred Years of Solitude
Best Evidence
The Spy Who Came In From The Cold
Gang Leader for a Day
Gridiron Genius
T
Who Am I
Shook One
Letters of Note
Algorithms to Live By
The Psychology of Money
The Quest for El Cid
This Explains Everything
Spain in Our Hearts
Night Sky with Exit Wounds
Apollo's Arrow
Bitcoin
Love Yourself Like Your Life Depends On It
The Great Revolt
Unstoppable Prosperity
A Pattern Language
Red Star Over The Pacific
Collected Fictions
The Book of Laughter and Forgetting
Life After Power
Who Is Michael Ovitz
On Immunity
An Astronaut's Guide to Life on Earth
Let Your Life Speak
The End of Power
Secrets of Closing the Sale
Lincoln In The Bardo
Chaos
Well
How to Teach Your Baby Math
Dead Wake
What Technology Wants
A Universe From Nothing
Fall of Constantinople
Simple Rules
The New Jim Crow
A Very Expensive Poison
Never Eat Alone
Hold 'em Poker
Born To Run
Devouring Freedom
Twenty Thousand Leagues Under the Sea
The War of Art
René Girard's Mimetic Theory
Radical Son
How To Be a No Limit Person
On Drugs