Manifesto of Dynamic Social Economics

Abstract

Numerous contributions in the last decades are based on similar inspiratory principles, which, at least if considered altogether, are highly innovative with respect to the existing tradition in economics. This paper is a perspective and speculative guess aiming at identifying the gist of this ongoing change in economics and at promoting its accomplishment. First, the features characterizing what I argue is a new approach to economic theorizing – labelled “dynamic social economics” – are presented and extensively discussed. Then, given the prominence of some mathematical techniques as general tools of analysis for this kind of models, a synthetic survey of the main relevant results is provided.evolution; dynamics; social economics; limited cognitive capabilities; perturbed Markov chains