Economics and the philosophy of science

Research publications

Eric D. Beinhocker, J. Doyne Farmer, Jenna Bednar, R. Maria del Rio-Chanona, Jagoda Kaszowska-Mojsa, François Lafond, Penny Mealy, Marco Pangallo, & Anton Pichler, 'A Brief History of the Emergence of Complexity Economics'. In The Economy as an Evolving Complex System IV (pp. 27–52), SFI Press, https://doi.org/10.37911/9781947864665.02 (2026).
Penny Mealy, Jenna Bednar, Eric D. Beinhocker, R, Maria del Rio-Chanona, J. Doyne Farmer, Jagoda Kaszowska-Mojsa, François Lafond, Marco Pangallo, & Anton Pichler, 'Introduction'. In The Economy as an Evolving Complex System IV (pp. 1–26), SFI Press, https://doi.org/10.37911/9781947864665.01 (2026).

J. Doyne Farmer, ‘Quantitative agent-based models: a promising alternative for macroeconomics’, Oxford Review of Economic Policy, 2025, graf027, https://doi.org/10.1093/oxrep/graf027

S. Battiston, J. Doyne Farmer, Andreas Flache, Diego Garlaschelli, Andy Haldane, Hans Heesterbeck, Cars Hommes, Carlo Jaeger, Robert May and Marten Scheffer, “Complexity Theory to Support Public Policy and Financial Regulation: Economic Policy Needs Network Analysis and Behavioral Modeling”, Science (2016). (Commentary/review)

Peter Klimek, Sebastian Poledna, J.D. Farmer and S. Thurner, “To Bail-out or Bail-in? Answers from an Agent-based Model”, Journal of Economic Dynamics and Control 50, 144-154 (2015).
R. Axtell and J.D. Farmer, “Old Economic Models Couldn’t Predict the Recession: Time for New Ones", Christian Science Monitor, Dec. 10, 2015. (Commentary/review)

J. Doyne Farmer, "Hypotheses Non Fingo: Problems With The Scientific Method In Economics", Journal of Economic Methodology 20 (4) 377-385 (2013).

Yonathan Schwarzkopf and J. Doyne Farmer, “An Empirical Study of the Tails of Mutual Fund Size”, Physical Review E 81(6) (2010): 066113

J. Doyne Farmer and John Geanakoplos, “The Virtues and Vices of Equilibrium and the Future of Financial Economics”, Complexity 14(3) (2009): 11-38.
J. D. Farmer and D. Foley, “The Economy Needs Agent-based Modeling”, Nature 460 (2009): 685-686. (Commentary/review)

J. Doyne Farmer, D. E. Smith and M. Shubik, “Is Economics the Next Physical Science?” Physics Today 58(9) (2005): 37-42.

J. Doyne Farmer, “Avoiding Getting Lost in the Wilderness of Bounded Rationality: The Path from Zero Intelligence to No Arbitrage”, Quantitative Finance 3(4) (2003): C64-C65. (Commentary/review)

J. Doyne Farmer, “Physicists Attempt to Scale the Ivory Towers of Finance”, Computational Science and Engineering (IEEE) 1(6) (1999): 26-39.
J. Doyne Farmer and A. W. Lo, “Frontiers of Finance: Evolution and Efficient Markets,” PNAS USA 96(18) (1999): 9991-9992.