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  • Explain complex systems.
  • Discuss chaotic behavior of different systems.

Much of what impresses us about physics is related to the underlying connections and basic simplicity of the laws we have discovered. The language of physics is precise and well defined because many basic systems we study are simple enough that we can perform controlled experiments and discover unambiguous relationships. Our most spectacular successes, such as the prediction of previously unobserved particles, come from the simple underlying patterns we have been able to recognize. But there are systems of interest to physicists that are inherently complex. The simple laws of physics apply, of course, but complex systems may reveal patterns that simple systems do not. The emerging field of complexity    is devoted to the study of complex systems, including those outside the traditional bounds of physics. Of particular interest is the ability of complex systems to adapt and evolve.

What are some examples of complex adaptive systems? One is the primordial ocean. When the oceans first formed, they were a random mix of elements and compounds that obeyed the laws of physics and chemistry. In a relatively short geological time (about 500 million years), life had emerged. Laboratory simulations indicate that the emergence of life was far too fast to have come from random combinations of compounds, even if driven by lightning and heat. There must be an underlying ability of the complex system to organize itself, resulting in the self-replication we recognize as life. Living entities, even at the unicellular level, are highly organized and systematic. Systems of living organisms are themselves complex adaptive systems. The grandest of these evolved into the biological system we have today, leaving traces in the geological record of steps taken along the way.

Complexity as a discipline examines complex systems, how they adapt and evolve, looking for similarities with other complex adaptive systems. Can, for example, parallels be drawn between biological evolution and the evolution of economic systems ? Economic systems do emerge quickly, they show tendencies for self-organization, they are complex (in the number and types of transactions), and they adapt and evolve. Biological systems do all the same types of things. There are other examples of complex adaptive systems being studied for fundamental similarities. Cultures show signs of adaptation and evolution. The comparison of different cultural evolutions may bear fruit as well as comparisons to biological evolution. Science also is a complex system of human interactions, like culture and economics, that adapts to new information and political pressure, and evolves, usually becoming more organized rather than less. Those who study creative thinking also see parallels with complex systems. Humans sometimes organize almost random pieces of information, often subconsciously while doing other things, and come up with brilliant creative insights. The development of language is another complex adaptive system that may show similar tendencies. Artificial intelligence is an overt attempt to devise an adaptive system that will self-organize and evolve in the same manner as an intelligent living being learns. These are a few of the broad range of topics being studied by those who investigate complexity. There are now institutes, journals, and meetings, as well as popularizations of the emerging topic of complexity.

Questions & Answers

Ayele, K., 2003. Introductory Economics, 3rd ed., Addis Ababa.
Widad Reply
can you send the book attached ?
Ariel
?
Ariel
What is economics
Widad Reply
the study of how humans make choices under conditions of scarcity
AI-Robot
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn Reply
U(x,y) = (x×y)1/2 find mu of x for y
Desalegn
what is ecnomics
Jan Reply
this is the study of how the society manages it's scarce resources
Belonwu
what is macroeconomic
John Reply
macroeconomic is the branch of economics which studies actions, scale, activities and behaviour of the aggregate economy as a whole.
husaini
etc
husaini
difference between firm and industry
husaini Reply
what's the difference between a firm and an industry
Abdul
firm is the unit which transform inputs to output where as industry contain combination of firms with similar production 😅😅
Abdulraufu
Suppose the demand function that a firm faces shifted from Qd  120 3P to Qd  90  3P and the supply function has shifted from QS  20  2P to QS 10  2P . a) Find the effect of this change on price and quantity. b) Which of the changes in demand and supply is higher?
Toofiq Reply
explain standard reason why economic is a science
innocent Reply
factors influencing supply
Petrus Reply
what is economic.
Milan Reply
scares means__________________ends resources. unlimited
Jan
economics is a science that studies human behaviour as a relationship b/w ends and scares means which have alternative uses
Jan
calculate the profit maximizing for demand and supply
Zarshad Reply
Why qualify 28 supplies
Milan
what are explicit costs
Nomsa Reply
out-of-pocket costs for a firm, for example, payments for wages and salaries, rent, or materials
AI-Robot
concepts of supply in microeconomics
David Reply
economic overview notes
Amahle Reply
identify a demand and a supply curve
Salome Reply
i don't know
Parul
there's a difference
Aryan
Demand curve shows that how supply and others conditions affect on demand of a particular thing and what percent demand increase whith increase of supply of goods
Israr
Hi Sir please how do u calculate Cross elastic demand and income elastic demand?
Abari
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Source:  OpenStax, College physics. OpenStax CNX. Jul 27, 2015 Download for free at http://legacy.cnx.org/content/col11406/1.9
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