In the last few years the concept of self-organizing systems – complex systems in which randomness and chaos seems spontaneously to evolve into unexpected order – has linked together researchers in many fields, from artificial intelligence to chemistry, from evolution to geology. Now leading economist Paul Krugman shows how principles that explain the growth of hurricanes and embryos can also explain the formation of cities and business cycles; how the same principles of “order from random growth” can explain the strangely simple rules that describe the sizes of earthquakes, meteorites, and metropolitan areas. Weaving together strands from many disciplines, from location theory to biology, The Self-Organizing Economy offers a surprising new view of how the economy structures itself in space and time.
Paul Krugman is one of the world’s leading economists. He has served on the President’s Council of Economic Advisers and is currently a professor of economics at Stanford University. In recognition of his research on international trade and finance, in 1991 the American Economic Association gave him its John Bates Clark medal, an award given every two years to the best American economist under 40. He has written numerous books for both academic audiences and the broader public, and delivers lectures around the world.