Kompleksite İktisadi Çerçevesinde Keynes ve Keynesyen Makro İktisat: Metodolojik Bir Analiz

Kaan İrfan Öğüt
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Kaan İrfan Öğüt: Bahçeşehir Üniversitesi, İİBF Öğretim Üyesi

Yildiz Social Science Review, 2018, vol. 4, issue 2, 137-152

Abstract: Complexity economics, which considers the economy as an evolving and adaptive complex system with nonlinear interactions and feedback loops, has developed besides mainstream economics and it has reminded us numerous important topics like uncertainty, heterogeneous expectations, bounded rationality, herd effect, that are generally ignored by the mainstream. Early traces of this approach can be followed from Schumpeter, Hayek, Keynes, Simon and also Smith (Hommes, 2013). Economic system, taken by complexity economics is not necessarily in equilibrium and agents change their actions in response to actions of others (Arthur, 2015). Purpose of this study is to demonstrate the similarity between the Keynesian Revolution as an example of Kuhnian paradigm shift and the complexity economics and also to call attention to potential contributions of complexity economics through its computation and simulation capacity to develop a new approach in economic theory.

Keywords: Complexity; Keynesian Revolution; Time and Uncertainty in EconomicsJournal: Yildiz Social Science Review (search for similar items in EconPapers)
JEL-codes: F00 F30 G00 G10 K00 K20 M00 M20 O10 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:aye:journl:v:4:y:2018:i:2:p:137-152

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