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Facing the complexity of the economy: an opportunity for the new alliance between economics and engineering

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  • Silvano Cincotti

    (University of Genoa)

Abstract

In Forging a new alliance between economics and engineering, Sergio Mariotti explores the relationship between economics and engineering. The interactions between economics and engineering is a question rather than trivial and Mariotti faces the problem, firstly, from an historical perspective and, secondly, by identifying the paradigms for the economics–engineering nexus. Three paradigms are proposed, i.e., economics for engineering, economics and engineering, economics as engineering. They offer the opportunity to open new vistas on the future of the relationships between economics and engineering, in particular for facing the complexity of the economy.

Suggested Citation

  • Silvano Cincotti, 2021. "Facing the complexity of the economy: an opportunity for the new alliance between economics and engineering," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(4), pages 581-588, December.
    • Handle: RePEc:spr:epolin:v:48:y:2021:i:4:d:10.1007_s40812-021-00200-2
    DOI: 10.1007/s40812-021-00200-2
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    References listed on IDEAS

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    1. Holcombe, Mike & Coakley, Simon & Kiran, Mariam & Chin, Shawn & Greenough, Chris & Worth, David & Cincotti, Silvano & Raberto, M. & Teglio, Andrea & Deissenberg, Christophe & Hoog, Sander van der & Da, 2013. "Large-Scale Modeling of Economic Systems," Publications of Darmstadt Technical University, Institute for Business Studies (BWL) 62347, Darmstadt Technical University, Department of Business Administration, Economics and Law, Institute for Business Studies (BWL).
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    Cited by:

    1. Sergio Mariotti, 2022. "The economics–engineering nexus: response to the commentaries," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 49(1), pages 1-29, March.
    2. Silvano Cincotti & Marco Raberto & Andrea Teglio, 2022. "Why do we need agent-based macroeconomics?," Review of Evolutionary Political Economy, Springer, vol. 3(1), pages 5-29, April.

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    More about this item

    Keywords

    Expectations; Rationality; Complexity; Agent-based macroeconomics;
    All these keywords.

    JEL classification:

    • D4 - Microeconomics - - Market Structure, Pricing, and Design
    • D8 - Microeconomics - - Information, Knowledge, and Uncertainty
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics

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