Chaos, Complexity, And Nonlinear Economic Theory PDF Download
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Author: Wei-bin Zhang
Publisher: World Scientific
ISBN: 981126743X
Category : Mathematics
Languages : en
Pages : 228
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Book Description
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.
Author: Wei-bin Zhang
Publisher: World Scientific
ISBN: 981126743X
Category : Mathematics
Languages : en
Pages : 228
Get Book Here
Book Description
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.
Author: Banerjee, Santo
Publisher: IGI Global
ISBN: 1466625104
Category : Business & Economics
Languages : en
Pages : 449
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Book Description
Although chaos theory refers to the existence between seemingly random events, it has been gaining the attention of science, technology and managements fields. The shift from traditional procedures to the dynamics of chaos and complexity theory has resulted in a new element of complexity thinking, allowing for a greater capability for analyzing and understanding key business processes. Chaos and Complexity Theory for Management: Nonlinear Dynamics explores chaos and complexity theory and its relationship with the understanding of natural chaos in the business environment. Utilizing these theories aids in comprehending the development of businesses as a complex adaptive system.
Author: William A. Barnett
Publisher: Cambridge University Press
ISBN: 9780521355636
Category : Business & Economics
Languages : en
Pages : 426
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Book Description
The contents of this volume comprise the proceedings of the International Symposia in Economic Theory and Econometrics conference held in 1987 at the IC^T2 (Innovation, Creativity, and Capital) Institute at the University of Texas at Austin. The essays present fundamental new research on the analysis of complicated outcomes in relatively simple macroeconomic models. The book covers econometric modelling and time series analysis techniques in five parts. Part I focuses on sunspot equilibria, the study of uncertainty generated by nonstochastic economic models. Part II examines the more traditional examples of deterministic chaos: bubbles, instability, and hyperinflation. Part III contains the most current literature dealing with empirical tests for chaos and strange attractors. Part IV deals with chaos and informational complexity. Part V, Nonlinear Econometric Modelling, includes tests for and applications of nonlinearity.
Author: Şefika Şule Erçetin
Publisher: Springer Nature
ISBN: 3030740579
Category : Science
Languages : en
Pages : 317
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Book Description
This book analyzes a range of new developments in various fields concerning the concepts of chaos and complexity theory. The proceedings of the 7th International Symposium on Chaos, Complexity and Leadership feature newly developed concepts involving various research methodologies for identifying chaos and complexity in different fields of the sciences and leadership. In addition, it explores chaotic and complex systems from all fields of knowledge in order to stake a claim of prevalence of compatibility between knowledge fields. Particular emphasis is placed on exploring non-linearity in order to open a discussion on new approaches to and perspectives on chaos, complexity and leadership. Readers will find coverage of important events that have recently taken place in our world, regardless of whether they were social, political, economic or scientific in nature. The book explores diverse aspects of and issues related to the effects of chaos and complexity in the world; discusses the application of nonlinear dynamics in order to arrive at transformational policies; and offers projections of tomorrow’s world using an interdisciplinary approach. Though primarily intended for readers with an interest in nonlinear science, thanks to its focus on the application of chaos and complexity to other disciplines, the book appeals to a broad readership.
Author: Tönu Puu
Publisher: Springer Science & Business Media
ISBN: 9783540402268
Category : Mathematics
Languages : en
Pages : 572
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Book Description
Attractors, Bifurcations, & Chaos - now in its second edition - begins with an introduction to mathematical methods in modern nonlinear dynamics and deals with differential equations. Phenomena such as bifurcations and deterministic chaos are given considerable emphasis, both in the methodological part, and in the second part, containing various applications in economics and in regional science. Coexistence of attractors and the multiplicity of development paths in nonlinear systems are central topics. The applications focus on issues such as business cycles, oligopoly, interregional trade dynamics, and economic development theory.
Author: Şefika Şule ERÇETİN
Publisher: Springer Nature
ISBN: 3030276724
Category : Science
Languages : en
Pages : 291
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Book Description
This book constitutes the proceedings of the 6th International Symposium on Chaos, Complexity and Leadership (ICCLS). Written by interdisciplinary researchers and students from the fields of mathematics, physics, education, economics, political science, statistics, the management sciences and social sciences, the peer-reviewed contributions explore chaotic and complex systems, as well as chaos and complexity theory in the context of their applicability to management and leadership. The book discusses current topics, such as complexity leadership in the healthcare fields and tourism industry, conflict management and organization intelligence, and presents practical applications of theoretical concepts, making it a valuable resource for managers and leaders.
Author: Şefika Şule Erçetin
Publisher: Springer
ISBN: 3319898752
Category : Social Science
Languages : en
Pages : 715
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Book Description
The proceedings of the 2017 Symposium on Chaos, Complexity and Leadership illuminate current research results and academic work from the fields of physics, mathematics, education, economics, as well as management and social sciences. The text explores chaotic and complex systems, as well as chaos and complexity theory in view of their applicability to management and leadership. This proceedings explores non-linearity as well as data-modelling and simulation in order to uncover new approaches and perspectives. Effort will not be spared in bringing theory into practice while exploring leadership and management-laden concepts. This book will cover the analysis of different chaotic developments from different fields within the concepts of chaos and complexity theory. Researchers and students in the field will find answers to questions surrounding these intertwined and compelling fields.
Author: J. Barkley Rosser, Jr.
Publisher: Springer Nature
ISBN: 3030706680
Category : Business & Economics
Languages : en
Pages : 174
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Book Description
This book presents a survey of the aspects of economic complexity, with a focus on foundational, interdisciplinary ideas. The long-awaited follow up to his 2011 volume Complex Evolutionary Dynamics in Urban-Regional and Ecologic-Economic Systems: From Catastrophe to Chaos and Beyond, this volume draws together the threads of Rosser’s earlier work on complexity theory and its wide applications in economics and an expanded list of related disciplines. The book begins with a full account of the broader categories of complexity in economics--dynamic, computational, hierarchical, and structural--before shifting to more detailed analysis. The next two chapters address problems associated with computational complexity, especially those of computability, and discuss the Godel Incompleteness Theorem with a focus on reflexivity. The middle chapters discuss the relationship between entropy, econophysics, evolution, and economic complexity, respectively, with applications in urban and regional dynamics, ecological economics, general equilibrium theory, as well as financial market dynamics. The final chapter works to bring together these themes into a broader framework and expose some of the limits concerning analysis of deeper foundational issues. With applications in all disciplines characterized by interconnected nonlinear adaptive systems, this book is appropriate for graduate students, professors and practitioners in economics and related disciplines such as regional science, mathematics, physics, biology, environmental sciences, philosophy, and psychology.
Author: Dimitri Volchenkov
Publisher: Springer Nature
ISBN: 9811590346
Category : Mathematics
Languages : en
Pages : 204
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Book Description
This book demonstrates how mathematical methods and techniques can be used in synergy and create a new way of looking at complex systems. It becomes clear nowadays that the standard (graph-based) network approach, in which observable events and transportation hubs are represented by nodes and relations between them are represented by edges, fails to describe the important properties of complex systems, capture the dependence between their scales, and anticipate their future developments. Therefore, authors in this book discuss the new generalized theories capable to describe a complex nexus of dependences in multi-level complex systems and to effectively engineer their important functions. The collection of works devoted to the memory of Professor Valentin Afraimovich introduces new concepts, methods, and applications in nonlinear dynamical systems covering physical problems and mathematical modelling relevant to molecular biology, genetics, neurosciences, artificial intelligence as well as classic problems in physics, machine learning, brain and urban dynamics. The book can be read by mathematicians, physicists, complex systems scientists, IT specialists, civil engineers, data scientists, urban planners, and even musicians (with some mathematical background).
Author: John Stachurski
Publisher: Springer Science & Business Media
ISBN: 3642223974
Category : Business & Economics
Languages : en
Pages : 454
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Book Description
Optimal growth theory studies the problem of efficient resource allocation over time, a fundamental concern of economic research. Since the 1970s, the techniques of nonlinear dynamical systems have become a vital tool in optimal growth theory, illuminating dynamics and demonstrating the possibility of endogenous economic fluctuations. Kazuo Nishimura's seminal contributions on business cycles, chaotic equilibria and indeterminacy have been central to this development, transforming our understanding of economic growth, cycles, and the relationship between them. The subjects of Kazuo's analysis remain of fundamental importance to modern economic theory. This book collects his major contributions in a single volume. Kazuo Nishimura has been recognized for his contributions to economic theory on many occasions, being elected fellow of the Econometric Society and serving as an editor of several major journals. Chapter “Introduction” is available open access under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License via link.springer.com.
