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Chaos, Complexity, and Nonlinear Economic Theory. W.-B.チャン著 カオス・複雑系・非線形経済理論
・ISBN 978-981-12-6741-3 hard US$ 98.00
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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-981-12-6742-0
| 著者・編者 | Zhang, Wei-Bin, |
|---|---|
| シリーズ | Series on Advances in Mathematics for Applied Sciences |
| 出版社 | (World Scientific, SI) |
| 出版年月 | 2023.04 |
| ページ数 | 250 pp. |
| 言語 | ENG |
| ニュース番号 | <699-121> |
解説
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.