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About COST -- Acknowledgement -- Contents -- List of Contributors -- Introduction -- A Brief Summary of the Book -- Part I Complex Networks -- Complex Network Analysis and Nonlinear Dynamics -- 1 Introduction -- 2 Theory of Complex Networks -- 2.1 Structure of Complex Networks -- 3 Dynamics of and on Complex Networks -- 4 Nonlinear Phenomena on Complex Networks -- 4.1 Epidemiological Models -- 4.2 Synchronization in Networks and Financial Contagions -- 4.3 Games on Networks -- 4.4 Clustering of Network Nodes and Geographical Information -- 5 Conclusions -- References

Studies of non-linear cobweb models have failed to address a fundamental issue: whether the complex dynamical behavior displayed by such models is consistent with the survival of producers. This paper shows that where borrowing is unconstrained, as is implicitly assumed in standard cobweb models, borrowing results in financial crises. Incorporating constraints on borrowing is needed to salvage cobweb models. Industry performance (in terms both of profitability and of the incidence of bankruptcies) is highly sensitive to the nature of such credit restrictions.

"Classical Economics, Keynes and Money casts new light on an approach to economic theory and policy that combines the modern classical theory of prices and income distribution with a Keynesian analysis of money and finance. Structured in four parts, the work considers issues within classical economics, monetary economics, Keynesian and post-Keynesian Economics, rationality and economic methodology. These themes are all central to the work of Carlo Panico, and the chapters both reflect on and build on his key contributions to the field. This collection is of interest to advanced students and researchers in the history of economic thought, monetary theory, financial economics and heterodox economics. John Eatwell is Honorary Fellow of Queens' College, Cambridge; Member of House of Lords of the United Kingdom; and Foreign Fellow of Accademia Nazionale dei Lincei, Italy, was President of Queens' College, Cambridge. Pasquale Commendatore is Professor of Economics at the University of Naples Federico II, Italy. Neri Salvadori was Professor of Economics at University of Pisa, Italy, and is Corresponding Fellow of Accademia Nazionale dei Lincei, Italy"--

This paper provides a non-technical overview of NEG models dealing with policy issues. Considered policy measures include alternative categories of public expenditure, international tax competition, unilateral actions of protection/liberalisation, and trade agreements. The implications of public intervention in two-region NEG models are discussed by unfolding the impact of policy measures on agglomeration/dispersion forces. Results are described in contrast with those obtained in standard non-NEG theoretical models. The high degree of abstraction limits the applicability of NEG models to real world policy issues. We discuss in some detail two extensions of NEG models to reduce this applicability gap: the cases of multi-regional frameworks and firm heterogeneity.

The authors in this book regard the process of economic expansion as a non-homogeneous and multifaceted phenomenon which has deeply affected human welfare, and cultural, social and political change. The book is a bridge between the theorists (Rosenstein-Rodan, Lewis, Myrdal, and Hirschmann) who in the post-war period analyzed regional inequalities, structural change and dualism, and the modern literature on--economic growth. The latter has emphasized the existence of multiple equilibria, bifurcations and various types of dynamic complexity, and clarified the conditions for the emergence of phenomena such as cumulative causation, path dependence and hysteresis. These are the typical ingredients of structural change, economic development or underdevelopment

Introduction This book is open access under a CC BY-NC 4.0 license. This collected volume represents the final outcome of the COST Action IS1104 "The EU in the new complex geography of economic systems: models, tools and policy evaluation". Visualizing the EU as a complex and multi-layered network, the book is organized in three parts, each of them dealing with a different level of analysis: At the macro-level, Part I considers the interactions within large economic systems (regions or countries) involving trade, workers migration, and other factor movements. At the meso-level, Part II discusses interactions within specific but wide-ranging markets, with a focus on financial markets and banking systems. Lastly, at the micro-level, Part III explores the decision-making of single firms, especially in the context of location decisions.