Complexity Economics
Complexity Economics is a field that studies economic systems as complex, adaptive systems. It emphasizes the interactions between various agents, such as individuals and firms, and how these interactions lead to emergent behaviors and patterns in the economy. This approach contrasts with traditional economic models that often assume rational behavior and equilibrium.
In Complexity Economics, researchers use tools from complex systems theory and network theory to analyze how economies evolve over time. By focusing on the dynamic relationships and feedback loops within the economy, this field aims to better understand phenomena like market fluctuations, innovation, and the impact of policy changes.