Complexity: The Emerging Science at the Edge of Order and Chaos

The Emergence of Everything: How the World Became Complex

The economy is thus comprised of evolving networks of interacting agents, institutions, and technologies—networks of networks. The macro- level patterns of the economy—growth, innovation, business cycles, market booms and busts, inequality, and carbon emissions—then emerge from these dynamic micro- and meso-level interactions. From the complexity e

To see how complexity economics works, think of the agents in the economy—consumers, firms, banks, investors—as buying and selling, producing, strategizing, and forecasting. From all this behavior markets form, prices form, trading patterns form: aggregate patterns form. Complexity economics asks how individual behaviors in a situation might react