Atlas home || Conferences | Abstracts | about Atlas
Host: Kingston University
Homepage: http://fass.kingston.ac.uk/conferences/probabilistic_political_economy/index.shtml, http://iwright.googlepages.com/probabilisticpoliticaleconomy
Organizers: Julian Wells, Kingston University, UK; Eric Sheppard, University of Minnesota, USA; Ian Wright, Open University, UK.
Description:
The publication in 1983 of Laws of Chaos, A Probabilistic Approach to Political Economy by Emmanuel Farjoun and Moshé Machover was an event of genuine theoretical innovation in the field of political economy.
The book was a response to the impasse reached by the input-output method of representing an economy, in particular when applied to the theory of economic value. Farjoun and Machover's innovations include the systematic introduction of probabilistic modelling, statistical mechanics, and probabilistic laws to the field of political economy.
2008 is the 25th anniversary of the publication of Farjoun and Machover's book and the aim of the conference is to celebrate this event. In particular, the conference will concentrate on four main themes:
Laws of Chaos, a reflection on the reception and subsequent impact of Farjoun and Machover's book;
Theory and methods, an exploration of the concept of statistical equilibrium in political economy;
Models and empirical reality, investigations of specific non-deterministic, economic models and their relationship to empirical data; and
Disequilibrium and out-of-equilibrium dynamics, examinations of the disequilibrium properties and empirical plausibility of non-deterministic models of capitalism.
Date received: January 20, 2008
© 2008 Atlas Conferences Inc.