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Logical and Philosophical Foundations of Complexity

In: Foundations and Applications of Complexity Economics

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  • J. Barkley Rosser

    (James Madison University)

Abstract

There are at least 45 definitions of complexity according to Seth Lloyd as reported in The End of Science (Horgan, 1997, pp. 303–305). Rosser Jr. (1999) argued for the usefulness in studying economics of a definition he called dynamic complexity that was originated by Day (1994). This is that a dynamical economic system fails to generate convergence to a point, a limit cycle or an explosion (or implosion) endogenously from its deterministic parts. It has been argued that nonlinearity was a necessary but not sufficient condition for this form of complexity, and that this definition constituted a suitably broad “big tent” to encompass the “four C’s” of cybernetics, catastrophe, chaos, and “small tent” (now better known as heterogeneous agents) complexity.

Suggested Citation

  • J. Barkley Rosser, 2021. "Logical and Philosophical Foundations of Complexity," Springer Books, in: Foundations and Applications of Complexity Economics, chapter 0, pages 1-24, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-70668-5_1
    DOI: 10.1007/978-3-030-70668-5_1
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