Complexity economics

This article is about the application of complexity science to the problems of economics. For its application to strategy, see Complexity theory and organizations. For other uses, see Complexity theory (disambiguation).

Complexity economics, or economic complexity, is the application of complexity science to the problems of economics. It relaxes several common assumptions in economics, including general equilibrium theory. While it does not reject the existence of an equilibrium, it features a non-equilibrium approach and sees such equilibria as a special case and as an emergent property resulting from complex interactions between economic agents. The complexity science approach has also been applied as the primary field in computational economics.

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