Chaos Complexity And Nonlinear Economic Theory is popular PDF and ePub book, written by Wei-bin Zhang in 2023-05-17, it is a fantastic choice for those who relish reading online the Mathematics genre. Let's immerse ourselves in this engaging Mathematics book by exploring the summary and details provided below. Remember, Chaos Complexity And Nonlinear Economic Theory can be Read Online from any device for your convenience.
Chaos Complexity And Nonlinear Economic Theory Book PDF Summary
What do economic chaos and uncertainties mean in rational or irrational economic theories? How do simple deterministic interactions among a few variables lead to unpredictable complex phenomena? Why is complexity of economies causing so many conflicts and confusions worldwide?This book provides a comprehensive introduction to recent developments of complexity theory in economics. It presents different models based on well-accepted economic mechanisms such as the Solow model, Ramsey model, and Lucas model. It is focused on presenting complex behaviors, such as business cycles, aperiodic motion, bifurcations, catastrophes, chaos, and hidden attractors, in basic economic models with nonlinear behavior. It shows how complex nonlinear phenomena are identified from various economic mechanisms and theories. These models demonstrate that the traditional or dominant economic views on evolution of, for instance, capitalism market, free competition, or Keynesian economics, are not generally valid. Markets are unpredictable and nobody knows with certainty the consequences of policies or other external factors in economic systems with simple interactions.
Detail Book of Chaos Complexity And Nonlinear Economic Theory PDF
- Author : Wei-bin Zhang
- Release : 17 May 2023
- Publisher : World Scientific
- ISBN : 9789811267437
- Genre : Mathematics
- Total Page : 228 pages
- Language : English
- PDF File Size : 19,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Chaos Complexity And Nonlinear Economic Theory by Wei-bin Zhang, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.