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 Non-Equilibrium Social Science in ICT and Economics(NESS)
Funded under 7th FWP (Seventh Framework Programme)
Research area:
ICT-2011.9.1 Challenging current Thinking
  COORDINATOR
SCHWEIZ/SUISSE/SVIZZERA
UNIVERSITE DE FRIBOURG

Traditional economics uses models that assume limited interaction between agents, simplistic behavioural assumptions and equilibrium analysis. Yet economies and social systems are often strongly correlated, heterogeneous and far from equilibrium hence traditional approaches do not provide the tools to understand, model or design systems in rapid change. The current financial and world order constitute such systems and heavily rely on ICT (such as trading platforms, social media and novel e-business models) that is transforming the way modern economies and societies function.
For many years researchers from diverse disciplines and communities, such as Complex Systems, non-orthodox Economics and Agent-Based Modelling have proposed alternative formalised models that capture aspects of non-equilibrium social systems yet these endeavours have been fragmented and peripheral. With this co-ordination action we will bring together leading researchers within Non-Equilibrium Social Science (NESS) to build a community, address current pressing issues and engage with policy makers, business and other stakeholders. We aim to create a new ICT and NESS-aware paradigm for economics and foster its application in areas of policy and business for social and economic progress.


NESS
2011-11-01
959560 euro
Coordination and support actions
2011-11-01
Execution
798220 euro

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