Agent-based models have become an important framework for analyzing complex macroeconomic dynamics resulting from the interaction of heterogeneous agents with bounded rationality. This framework frees the modeler from the constraints imposed by the substantive rationality, equilibrium, and...

SYMPOSIUM CONTEXT: - How significant is the current crisis for economics? - Must we abandon the equilibrium-based paradigm of economics? - Economics is a core discipline in the business curriculum. - How should economics and management incorporate issues of global sustainability and global...