Pragmatic Economics and Sustainable Finance

Building solutions for a better world

Complexity Theory

Complexity theory is a promising area to allow us to understand economic and social behavior. Here are some of my works on the subject.

Complexity Theory and the Financial Crisis: a Critical Review – Corporate Finance Review (2010)

We present a critical review of the impact of complexity theory on the analysis of financial markets, concentrating on the differences between Econophysics and Econobiology. Both approaches show that there are limitations in our current understanding of the banking system, which can lead to regulatory problems, and in turn may have contributed to the inability of most academics and economic agents (including the FED) in predicting the crisis.

Social Networks and Urban Poverty Reduction – Emergence (2009)

I think it is an interesting contribution to the debate on how to tackle urban poverty. The aim here is to show why it is necessary for urban poverty policies to incorporate social network connectivity with the marginalized and disenfranchised poor. We offer guidelines as to how this kind  of social network connection of the poor with the non-poor populations of our urban environments may proceed.

Expectations and Chaotic Dynamics: Empirical Evidence on Exchange Rates – Economics Letters (2008)

The evidence does not favor the presence of chaotic dynamics in exchange rate expectations.

Epistemological Considerations on Agent-Based Models in Evolutionary Consumer Choice Theory – Emergence (2005)

My first published article. The title says it all.

One thought on “Complexity Theory

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