Presentation Overview:
The analysis and understanding of economic systems can be dramatically enhanced through application of agent-based modeling (ABM) based on theoretical advances in complex systems. This requires new conceptualization of complex economic systems (CES) and development of new directions for simulation. Discussion focuses on simulation of theoretical advances in:
1) Knowledge, increasing Returns and economic growth
2) Innovation, network structure, and agent diversity
3) AI-based agents and small-N strategic interaction: firms and nations
4) Global economic turbulence and cumulating and cascading increasing returns
5) Deep global interdependence and cooperation among nati...ons
6) Simulating the distribution of firm size in economic systems
7) Simple simulation of market booms and busts
8) Simulating inflection points and phase transitions in economic systems
Speaker Biography:
Dr. Thomas Lairson is the Gelbman Professor of International Business and Professor of Political Science and teaches Asian political economy and business. He was a Ford Foundation Professor of International Relations at the Institute for International Relations in Vietnam, has taught at Wuhan University, East China University of Science and Technology, and has lectured at Fudan University, Jindal Global University, Shanghai Institute of Foreign Trade and Jiao Tong University, and was a Fulbright Fellow at the S. Rajaratnam School of International Studies at Nanyang Technological University in Singapore. Dr. Lairson frequently teaches at the Rollins Center in Shanghai. His publications focus on the global financial crisis, the Chinese economy, state capitalism and Vietnam’s economy, and include. The co-authored book, Global Political Economy: The Struggle for Power and Wealth, is forthcoming in 2015 from Routledge Press. Tom leads student field studies in Asia.