Modern Economics: Multidisciplinary Approach
( Pp. 93-97)
More about authors
Karaev Alan K.
doktor tehnicheskih nauk, professor, glavnyy nauchnyy sotrudnik Departamenta obschestvennyh finansov
Financial University under the Government of the Russian Federation Melnichuk Marina V. doktor ekonomicheskih nauk, professor, rukovoditel Departamenta angliyskogo yazyka i professionalnoy podgotovki, professor Departamenta angliyskogo yazyka i professionalnoy podgotovki
Financial University under the Government of the Russian Federation
Moscow, Russian Federation
Financial University under the Government of the Russian Federation Melnichuk Marina V. doktor ekonomicheskih nauk, professor, rukovoditel Departamenta angliyskogo yazyka i professionalnoy podgotovki, professor Departamenta angliyskogo yazyka i professionalnoy podgotovki
Financial University under the Government of the Russian Federation
Moscow, Russian Federation
Abstract:
The authors represent a conception view of the economy and financial markets as a complex evolving system of interconnected networks of interacting economic agents. It is completely different from the one that dominates in most traditional economic models because used tools and approaches focus more on the analysis of social and economic systems behavior in times of crisis, rather than in quiet period
How to Cite:
Karaev A.K., Melnichuk M.V., (2013), MODERN ECONOMICS: MULTIDISCIPLINARY APPROACH. Business in Law, 4 => 93-97.
Reference list:
G.A. Akerlof, R.J. Shiller, Animal Spirits: How Human Psychology Drives the Economy, and Why It Matters for Global Capitalism. Princeton University Press. Princeton ( 2009)
K. Anand, A. Kirman, M. Marsili, Eur. J. Finance 0, 1 (2011)
W. Brian Arthur, N. Durlauf, Steven, A. Lane, David (eds.), The Economy as an Evolving Complex system II. SFI Studies in the Complexity of Science, Perseus Books Group (1997)
Battiston, S., Delli Gatti, D., Gallegati, M., Greenwald, B. Stiglitz, J. E. Default cascades: when does risk diversification increase stability J. Financ. Stab. 8, 138 149 (2012)
S. Battiston, D. Delli-Gatti, M. Gallegati, B.C. Greenwald, J.E. Stiglitz, J. Credit chains and bankrupsy propagation in production networks. Journal of Economic Dynamics and Control 31 2061-2084 (2011)
W. Brock, C. Hommes, F. Wagener, J. Econom. Dyn. Control 33, 1912 (2009)
S. Cincotti, D. Sornette, P. Trelaeven, S. Battiston, G. Caldarelli, C.H. Hommes, A. Kirman, Eur. Phys. J. Special Topics 214, 361 (2012)
D. Colander, H. Follmer, A. Haas, M.D. Goldberg, K. Juselius, A. Kirman, T. Lux, B. Sloth, Economics Discussion Paper 09-03, Univ. of Copenhagen Dept. (2009)
D. Delli-Gatti, E. Gaffeo, M. Gallegati, G. Giulioni, A. Pallestrini, Emergent Macroeconomics. An Agent-based Approach to Business Fluctuations. Springer Verlag. Milan (2008)
J.D. Farmer, J. Geanakoplos, Complexity 14, 11 (2009)
J.D.Farmer, M. Gallegati, C. Hommes, A. Kirman, P. Ormerod, S.Cincotti, A.Sanchez, and D.Helbing. A complex systems approach to constructing better models for managing financial markets and the economy. Eur. Phys. J. Special Topics 214, 295 324 (2012)
J. Geanakoplos, R. Axtell, D. Farmer, P. Howitt, B. Conlee, J. Goldstein, M. Hendrey, N. Palmer, C-Y. Yang, Getting at Systemic Risk Via an Agent-Based Model of the Housing Market/ Cowles Foundation Discussion Paper No. 1852 (2012)
C.H. Hommes, Behavioral rationality and heterogeneous expectations in complex economic systems. Cambridge University Press ( 2013)
B. LeBaron, in Handbook of Computational Economics, vol. 2: Agent-Based Computational Economics K.L. Judd, L. Tesfatsion. Elsevier/North-Holland Handbooks in Economics Series (2006)
T. Lux, in Handbook of Financial Markets: Dynamics and Evolution, edited by T. Hens, K.R. Schenk-Hoppe. Elsevier (2009)
P. Ormerod, Risk Management 12, 83 (2010)
J. Stiglitz, S. Salop, Rev. Econom. Stud. 44, 493 (1977)
M. Woodford, Amer. Econom. J. Macroeconom. 1 (2009)
Mel nichuk M.V., Karaev A.K. Agentno orientirovannaya makroekonomicheskaya model analiza ekonomicheskoy (fiskal noy) politiki //Nalogi i nalogooblozhenie. M.-2011.-№12.
K. Anand, A. Kirman, M. Marsili, Eur. J. Finance 0, 1 (2011)
W. Brian Arthur, N. Durlauf, Steven, A. Lane, David (eds.), The Economy as an Evolving Complex system II. SFI Studies in the Complexity of Science, Perseus Books Group (1997)
Battiston, S., Delli Gatti, D., Gallegati, M., Greenwald, B. Stiglitz, J. E. Default cascades: when does risk diversification increase stability J. Financ. Stab. 8, 138 149 (2012)
S. Battiston, D. Delli-Gatti, M. Gallegati, B.C. Greenwald, J.E. Stiglitz, J. Credit chains and bankrupsy propagation in production networks. Journal of Economic Dynamics and Control 31 2061-2084 (2011)
W. Brock, C. Hommes, F. Wagener, J. Econom. Dyn. Control 33, 1912 (2009)
S. Cincotti, D. Sornette, P. Trelaeven, S. Battiston, G. Caldarelli, C.H. Hommes, A. Kirman, Eur. Phys. J. Special Topics 214, 361 (2012)
D. Colander, H. Follmer, A. Haas, M.D. Goldberg, K. Juselius, A. Kirman, T. Lux, B. Sloth, Economics Discussion Paper 09-03, Univ. of Copenhagen Dept. (2009)
D. Delli-Gatti, E. Gaffeo, M. Gallegati, G. Giulioni, A. Pallestrini, Emergent Macroeconomics. An Agent-based Approach to Business Fluctuations. Springer Verlag. Milan (2008)
J.D. Farmer, J. Geanakoplos, Complexity 14, 11 (2009)
J.D.Farmer, M. Gallegati, C. Hommes, A. Kirman, P. Ormerod, S.Cincotti, A.Sanchez, and D.Helbing. A complex systems approach to constructing better models for managing financial markets and the economy. Eur. Phys. J. Special Topics 214, 295 324 (2012)
J. Geanakoplos, R. Axtell, D. Farmer, P. Howitt, B. Conlee, J. Goldstein, M. Hendrey, N. Palmer, C-Y. Yang, Getting at Systemic Risk Via an Agent-Based Model of the Housing Market/ Cowles Foundation Discussion Paper No. 1852 (2012)
C.H. Hommes, Behavioral rationality and heterogeneous expectations in complex economic systems. Cambridge University Press ( 2013)
B. LeBaron, in Handbook of Computational Economics, vol. 2: Agent-Based Computational Economics K.L. Judd, L. Tesfatsion. Elsevier/North-Holland Handbooks in Economics Series (2006)
T. Lux, in Handbook of Financial Markets: Dynamics and Evolution, edited by T. Hens, K.R. Schenk-Hoppe. Elsevier (2009)
P. Ormerod, Risk Management 12, 83 (2010)
J. Stiglitz, S. Salop, Rev. Econom. Stud. 44, 493 (1977)
M. Woodford, Amer. Econom. J. Macroeconom. 1 (2009)
Mel nichuk M.V., Karaev A.K. Agentno orientirovannaya makroekonomicheskaya model analiza ekonomicheskoy (fiskal noy) politiki //Nalogi i nalogooblozhenie. M.-2011.-№12.
Keywords:
the global crisis, integrated system, the network approach, agent based models, a model of coordinated flows and stocks.
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