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Non-Equilibrium Social Science and Policy: Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking

Johnson, Jeffrey; Nowak, Andrzej; Ormerod, Paul; Rosewell, Bridget and Zhang, Yi-Cheng eds. (2017). Non-Equilibrium Social Science and Policy: Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking. Understanding Complex Systems. Cham, Switzerland: Springer.

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URL: http://www.springer.com/gb/book/9783319424224
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Abstract

The overall aim of this book, an outcome of the European FP7 FET Open NESS project, is to contribute to the ongoing effort to put the quantitative social sciences on a proper footing for the 21st century. A key focus is economics, and its implications on policy making, where the still dominant traditional approach increasingly struggles to capture the economic realities we observe in the world today - with vested interests getting too often in the way of real advances. Insights into behavioral economics and modern computing techniques have made possible both the integration of larger information sets and the exploration of disequilibrium behavior. The domain-based chapters of this work illustrate how economic theory is the only branch of social sciences which still holds to its old paradigm of an equilibrium science - an assumption that has already been relaxed in all related fields of research in the light of recent advances in complex and dynamical systems theory and related data mining. The other chapters give various takes on policy and decision making in this context. Written in nontechnical style throughout, with a mix of tutorial and essay-like contributions, this book will benefit all researchers, scientists, professionals and practitioners interested in learning about the 'thinking in complexity' to understand how socio-economic systems really work.

Item Type: Edited Book
Copyright Holders: 2017 The Editor(s) (if applicable) and The Author(s)
ISBN: 3-319-42422-X, 978-3-319-42422-4
Project Funding Details:
Funded Project NameProject IDFunding Body
Non-Equilibrium Social ScienceNot SetThe European Commission
Academic Unit/School: Faculty of Science, Technology, Engineering and Mathematics (STEM) > Engineering and Innovation
Faculty of Science, Technology, Engineering and Mathematics (STEM)
Interdisciplinary Research Centre: Centre for Policing Research and Learning (CPRL)
Design and Innovation
Item ID: 48472
Depositing User: Jeffrey Johnson
Date Deposited: 15 Feb 2017 11:14
Last Modified: 22 Mar 2017 19:19
URI: http://oro.open.ac.uk/id/eprint/48472
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