Agreed. I'm assuming you're familiar with the work of Steve Keen? If not, I strongly advise you become familiar with his work as well as the works of other complexity theorists at the Santa Fe Institute. Complex adaptive dynamic systems don't know what "equilibrium" is or general equilibrium analysis. Cheers!
Complex Adaptive Dynamic Social Systems...final answer!
The problem with models like that is the fitting problem, which is the same as agent-based models.
Agreed. I'm assuming you're familiar with the work of Steve Keen? If not, I strongly advise you become familiar with his work as well as the works of other complexity theorists at the Santa Fe Institute. Complex adaptive dynamic systems don't know what "equilibrium" is or general equilibrium analysis. Cheers!
Yes, looked it over before.