Complexity Economics

Complexity Economics is a field that studies economic systems as dynamic and interconnected networks rather than as simple, static models. It recognizes that economies are made up of numerous agents—like individuals and businesses—that interact in diverse ways, leading to unpredictable behaviors and outcomes. Instead of relying on traditional assumptions of rationality and equilibrium, Complexity Economics focuses on how real-world factors, such as innovation, adaptation, and feedback loops, influence economic phenomena. This approach helps us better understand issues like market crashes, economic growth, and the impact of policies in a complex, ever-changing environment.