Entrepreneurship, knowledge and employment

Complexity Economics: a new paradigm?

Morreau Michael, UiT - The Arctic University of Norway

Some say complexity economics is a new scientific paradigm, in the sense of Kuhn – a revolutionary alternative to earlier economic thought, with its focus on phenomena of equilibrium. I argue that complexity economics can indeed be regarded a scientific paradigm but that it is not revolutionary.

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Keywords: complex systems, multi-agent simulation, explanation, philosophy of science

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