Linking complexity economics and systems thinking, with illustrative discussions of urban sustainability

Autor:	Zaid Chalabi, S. Serban Scrieciu, Michael Davies, Nici Zimmermann
Rok vydání:	2021
Předmět:	Economics and Econometrics Management science 0502 economics and business 05 social sciences 0211 other engineering and technologies Economics Urban sustainability Systems thinking 021108 energy 02 engineering and technology Complexity economics 050207 economics
Zdroj:	Cambridge Journal of Economics. 45:695-722
ISSN:	1464-3545 0309-166X
DOI:	10.1093/cje/beab017
Popis:	The expanding research of complexity economics has been signalling its preference for a formal quantitative investigation of diverse interactions between heterogeneous agents at the lower, micro-level resulting in emergent, realistic socioeconomic dynamics at the higher, macro-level. However, there is scarcity in research that explicitly links complexity perspectives in economics with the systems thinking literature, despite these being highly compatible, with strong connections and common historical traces. We aim to address this gap by exploring commonalities and differences between the two bodies of knowledge, seen particularly through an economics lens. We argue for a hybrid approach, in that agent-based complexity perspectives in economics could more closely connect to two main systems thinking attributes: a macroscopic approach to analytically capturing the complex dynamics of systems, and an inter-subjective interpretivist dimension, when investigating complex social-economic order. Illustrative discussions of city sustainability are provided, with an emphasis on decarbonisation and residential energy demand aspects.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cad90529c51850313ce3cbb672b2ca3a https://doi.org/10.1093/cje/beab017 Zobrazit plný text záznamu