Computational and Dynamic Complexity in Economics

  title={Computational and Dynamic Complexity in Economics},
  author={J. Barkley Rosser},
This paper examines the rising competition between computational and dynamic conceptualizations of complexity in economics. While computable economics views the complexity as something rigorously defined based on concepts from probability, information, and computability criteria, dynamic complexity is based on whether a system endogenously and deterministically generates erratically dynamic behavior of certain kinds. On such behavior is the phenomenon of emergence, the appearance of new forms… CONTINUE READING