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Kompleksite İktisadi Çerçevesinde Keynes ve Keynesyen Makro İktisat: Metodolojik Bir Analiz

Author

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  • Kaan İrfan Öğüt

    (Bahçeşehir Üniversitesi, İİBF Öğretim Üyesi)

Abstract

Complexity economics, which considers the economy as an evolving and adaptive complex system with nonlinear interactions and feedback loops, has developed besides mainstream economics and it has reminded us numerous important topics like uncertainty, heterogeneous expectations, bounded rationality, herd effect, that are generally ignored by the mainstream. Early traces of this approach can be followed from Schumpeter, Hayek, Keynes, Simon and also Smith (Hommes, 2013). Economic system, taken by complexity economics is not necessarily in equilibrium and agents change their actions in response to actions of others (Arthur, 2015). Purpose of this study is to demonstrate the similarity between the Keynesian Revolution as an example of Kuhnian paradigm shift and the complexity economics and also to call attention to potential contributions of complexity economics through its computation and simulation capacity to develop a new approach in economic theory.

Suggested Citation

  • Kaan İrfan Öğüt, 2018. "Kompleksite İktisadi Çerçevesinde Keynes ve Keynesyen Makro İktisat: Metodolojik Bir Analiz," Yildiz Social Science Review, Yildiz Technical University, vol. 4(2), pages 137-152.
    • Handle: RePEc:aye:journl:v:4:y:2018:i:2:p:137-152
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    Keywords

    Complexity; Keynesian Revolution; Time and Uncertainty in EconomicsJournal: Yildiz Social Science Review;
    All these keywords.

    JEL classification:

    • F00 - International Economics - - General - - - General
    • F30 - International Economics - - International Finance - - - General
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • K20 - Law and Economics - - Regulation and Business Law - - - General
    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General

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