Self-Reinforcing Mechanisms and Complex Economic Dynamics

Elettra Agliardi
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Elettra Agliardi: University of Bologna

Chapter 1 in Positive Feedback Economies, 1998, pp 5-20 from Palgrave Macmillan

Abstract: Abstract There is no general agreement as to what constitutes a complex system. The term itself has been used in different contexts: it can signify systems with chaotic dynamics; it can also refer to cellular automata, ‘neural’ networks, adaptive algorithms, disordered many-body systems, pattern-forming systems and so on. Systems that one often thinks of as complex originated in different areas of science: physics, chemistry, biology, computer science, mathematics, phsychology and economics. These systems share some properties which makes them ‘complex’.

Keywords: Economic System; Positive Feedback Economy; Cultural Belief; Network Externality; Multiple Equilibrium (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37621-2_2

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DOI: 10.1057/9780230376212_2

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