Following my posts last week on complexity and economics, Professor Leigh Tesfatsion of Iowa State University sent me this very useful website with links to loads of resources on the subject – including an introductory self-study course.
Prof Tesfatsion wrote to me that the complexity approach has real momentum but added: “In macroeconomics, however, bitter resistance has been encountered, particularly from those who have devoted themselves to mastering DSGE modeling.” However, there is also some work on agent-based macroeconomics.
One general book I spotted in this list, one I’ve not read, is Mark Buchanan’s. Nate Silver’s doesn’t feature agent-based modelling but does talk about the macroeconomy as a complex (non-linear multivariate dynamic) system.
[amazon_image id=”1408827379″ link=”true” target=”_blank” size=”medium” ]Forecast: What Physics, Meteorology, and the Natural Sciences Can Teach Us About Economics[/amazon_image]