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

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Management decision making

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Wordery

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European commission

Non-Equilibrium Social Science and Policy : Introduction and Essays on New and Changing Paradigms in Socio-Economic Thinking : Springer : 9783319424224 : 331942422X : 30 Jan 2017 : 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 equilibriu

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