TITLE

Economies and Markets as Complex Systems

AUTHOR(S)
Smith, Lewis L.
PUB. DATE
January 2002
SOURCE
Business Economics;Jan2002, Vol. 37 Issue 1, p46
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
Outlines basic principles of complexity theory and their relevance to the practice of economics in business. Description of complexity; Implications of complexity for economics; Suggestions for business economists who must survive in a world of complex system.
ACCESSION #
7387026

 

Related Articles

  • A new way of thinking. Morin, Edgar // UNESCO Courier;Feb96, Vol. 49 Issue 2, p10 

    Focuses on thinking in terms of complexity. Definition; Theories on complexity; Conceptual developments related to the idea of self-organization; Several principles in thinking in terms of complexity.

  • A family tree with roots in East and West. Chen, Yi-zhuang // UNESCO Courier;Feb96, Vol. 49 Issue 2, p15 

    Focuses on complex thought which can be traced in both Western and Chinese philosophies. Teachings of Greek philosopher Heraclitus; Introduction of philosophical relativism in the West by Greek sophist Protagoras; Realization on the capability of the human mind in modern times; Argument...

  • Managing complexity. Kerridge, David // Journal for Quality & Participation;Mar97, Vol. 20 Issue 2, p60 

    Looks at the use of the Deming Philosophy as a means of managing complexity. Detailed explanation of complexity; Definitions of various types of complexity; Types of complexity are mechanical complexity, complexity of knowledge, administrative complexity and complexity of aims, and of control;...

  • Investment, valuation, and dynamics: A case study in the law of supply and demand. Bernstein, Peter L. // Business Economics;Jul92, Vol. 27 Issue 3, p38 

    Focuses on the increase in dividends paid by nonfinancial corporations between 1988 and 1990 in the United States while the overall business situation was deteriorating. Oscillating cost structure; Employee compensation; Gross stocks of business capital; Corporate valuation.

  • Research notes: Comparison of top-down and bottom-up earnings forecasts. Rippe, Richard D. // Business Economics;Jul92, Vol. 27 Issue 3, p63 

    Compares top-down and bottom-up earnings forecasts. Space allocation; Index of earnings per share; Data collection.

  • Ockam's Razor, economics and the business client. Hagen, Ronald E. // Business Economics;Apr94, Vol. 29 Issue 2, p48 

    Discusses the principle of science called Ockam's Razor and the relation of business economics to the rule. Definition of the principle; Basis of economics and business on Ockam's Razor; Reasons for the shift in professional focus; Econometric modeling; Forecasting oil markets; Manpower...

  • The statistics corner. Haver, Maurine // Business Economics;Jan1997, Vol. 32 Issue 1, p62 

    Reviews issues in business economics. Data sharing; Commission to study statistical system; Sampling in the Census Bureau through the year 2000; Fiscal year 1997 budget pitfalls.

  • A new spectrum policy: Letting the market work. Rosston, Greg // RCR;3/3/97, Vol. 16 Issue 9, p59 

    Opinion. Argues that the debate about spectrum management should not be based on whether marketplace forces will work, but a comparison of the current administrative, centrally controlled system to a marketplace approach. Outline of the best approach to spectrum management; Steps which need to...

  • A NEW TOOL TO HELP MANAGERS. Norton, Rob // Fortune;5/30/1994, Vol. 129 Issue 11, p135 

    Discusses business-oriented economics, a variant on microeconomics that has a lot to say about motivating employees, outfoxing competitors and moving into new markets. Its focus on the firm as the unit of analysis; Example of Judy Lewent in building a supersophisticated computerized economic...

Share

Read the Article

Other Topics