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Non-Equilibrium Social Science and Policy

Johnson, Jeffrey; Ormerod, Paul; Nowak, Andrzej; Rosewell, Bridget and Zhang, Yi-Cheng (2017). Non-Equilibrium Social Science and Policy. In: Johnson, Jeffrey; Nowak, Andrzej; Ormerod, Paul; Rosewell, Bridget and Zhang, Y-Cheng eds. Non-Equilibrium Social Science and Policy: Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking. Understanding Complexity. Cham, Switzerland: Springer, pp. 1–17.

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URL: http://link.springer.com/chapter/10.1007/978-3-319...
DOI (Digital Object Identifier) Link: https://doi.org/10.1007/978-3-319-42424-8_1
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Abstract

Between 2011 and 2014 the European Non-Equilibrium Social Science Project (NESS) investigated the place of equilibrium in the social sciences and policy. Orthodox economics is based on an equilibrium view of how the economy functions and does not offer a complete description of how the world operates. However, mainstream economics is not an empty box. Its fundamental insight, that people respond to incentives, may be the only universal law of behaviour in the social sciences. Only economics has used equilibrium as a primary driver of system behaviour, but economics has become much more empirical at the microlevel over the past two decades. This is due to two factors: advances in statistical theory enabling better estimates of policy consequences at the microlevel, and the rise of behavioural economics which looks at how people, firms and governments really do behave in practice. In this context, this chapter briefly reviews the contributions of this book across the social sciences and ends with a discussion of the research themes that act as a roadmap for further research. These include: realistic models of agent behaviour; multilevel systems; policy informatics; narratives and decision making under uncertainty; and validation of agent-based complex systems models.

Item Type: Book Section
Copyright Holders: 2017 The Authors
ISBN: 3-319-42422-X, 978-3-319-42422-4
Project Funding Details:
Funded Project NameProject IDFunding Body
Non-Equilibrium Social Science and PolicyNot 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
Related URLs:
Item ID: 48473
Depositing User: Jeffrey Johnson
Date Deposited: 15 Feb 2017 11:07
Last Modified: 22 Mar 2017 15:28
URI: http://oro.open.ac.uk/id/eprint/48473
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