Standard economic theory uses mathematics as its main means of understanding, and this
brings clarity of reasoning and logical power. But there is a drawback: algebraic …

This paper is essentially a rebuttal of the view that neoclassical economics can handle
complexity. I have coined the locution 'oil spot dynamic'to denote the neoclassical ability to …

Of late, due to the perceived advantages of the generative paradigm (Epstein 2002, 2005;
Arthur 2004), a generative variant of agent based modelling and simulation, ie Agent Based …

3 research, whether it be on ethical aspects of economics, formal ethics, or economically
informed political philosophy, has gained in relevance. Work on topics within politics …

The paper evaluates the impact of the complexity approach on economics from two
viepoints. On the one hand, the dissolution of the shared notion of mainstream, which began …

A local chicken farming is an integral part of Tanzania's rural economy. However, despite its
contributions to household economy and food security, local chicken productivity remains …

This paper attempts to relate farm-level technologies in a semi-arid area with economic
viability, taking risk analysis into consideration. Data gathered from various sources, such as …

Contemporary economic theory has entered into an era of unprecedented pluralism.
Convincing arguments have been presented for the integration of this pluralism, the …

Smallholder farmers are reluctant to risk investing in fertilizers. To understand how risk is
perceived and how economic returns are distributed before the decision to invest in fertilizer …

This paper presents an overview of how agent-based computational economics can
contribute to the study of economic systems. It highlights the way these models can improve …