## The Economy as an Evolving Complex System: The Proceedings of the Evolutionary Paths of the Global Economy Workshop, Held September, 1987 in Santa Fe, New MexicoPhilip W. Anderson, Kenneth Joseph Arrow, David Pines, Santa Fe Institute (Santa Fe, N.M.) This book proceeds from a meeting at the Santa Fe Institute where economists and physical and biological scientists came together to discuss a conceptual framework incorporating a more appropriate mathematics with a greatly strengthened capacity to deal simultaneously with multiple variables, nonlinearity, incomplete information and dynamical processes. |

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### Contents

3 | |

9 | |

33 | |

for a Survey | 49 |

Nonlinearity and Complex Dynamics in Economics | 77 |

Can New Approaches to Nonlinear Modeling Improve | 99 |

The Global Economy as an Adaptive Process | 117 |

The Evolution of Economic Webs | 125 |

Can Nonlinear Dynamics Help Economists? | 195 |

Rational Expectations Game Theory and Inflationary Inertia | 205 |

Techniques and Webs | 245 |

Final Plenary Discussion | 257 |

An Overview of | 265 |

A Note | 285 |

Lyapunov Exponents for Stock Returns | 301 |

Summary of Meeting on International Finance as a Complex | 307 |

Computation and Multiplicity of Economic Equilibria | 147 |

A Simple Model for Dynamics away from Attractors | 169 |

Statistical Mechanics Approaches to Complex Optimization | 177 |

Index | 313 |

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