This book deals with the economy as a complex interactive system. The emphasis
is on the direct interaction between agents rather than on the indirect and
autonomous interaction through the market mechanism. Contributions from
economists and physicists emphasise the consequences for aggregate behaviour of
the interaction between agents with limited rationality. Models of financial
markets which exhibit many of the stylised facts of empirical markets such as
bubbles, herd behaviour and long memory are presented. This includes
contributions on bargaining, buyer-seller relations, the evolution of economic
networks and several aspects of macro-economic behaviour. This book will be of
interest to all those interested in the foundations of collective social and
economic behaviour and in particular, to those concerned with the dynamics of
market behaviour and recent applications of physics to economics.
