Complex systems: Introductory notes on a dialogue among political economy, evolutionary economics and physics

Complex systems may be a useful methodological tool to address “challenges for research in development”. There is a huge and growing literature on complex systems and economic theory that might be related to early intuitions of classical economists on the workings of capitalist economies. Kondratiev...

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Bibliographic Details
Published in:PSL quarterly review 2024-09, Vol.77 (310), p.247
Main Author: Eduardo da Motta e Albuquerque
Format: Article
Language:English
Subjects:
Capitalism
Complex
Complex systems
Economic theory
Economics
Equilibrium
Evolutionary economics
Inclusion
Literature reviews
metamorphoses of capitalism
periphery
Physics
Political economy
Revolutions
simulation models
Sustainable development
technological revolutions
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Summary:Complex systems may be a useful methodological tool to address “challenges for research in development”. There is a huge and growing literature on complex systems and economic theory that might be related to early intuitions of classical economists on the workings of capitalist economies. Kondratiev and Slutsky have worked with features of complex systems – how technological revolutions change the system. This may underlie one peculiarity of capitalism – a complex system that changes its level of complexity over time. The inclusion of the periphery broadens its turbulent nature: a complex system that combines regions with self-organization dynamics – the center – and regions with random behavior – the periphery.
ISSN:2037-3635
2037-3643
DOI:10.13133/2037-3643/18651