Complex Economic Dynamics, Vol. 1: An Introduction to Dynamical Systems and Market Mechanisms (repost)
Complex Economic Dynamics, Vol. 1: An Introduction to Dynamical Systems and Market Mechanisms By Richard H. Day
Publisher: The M.I.T Press 1994 | 333 Pages | ISBN: 0262041413 | CHM | 2 MB
Publisher: The M.I.T Press 1994 | 333 Pages | ISBN: 0262041413 | CHM | 2 MB
Richard Day was one of the first economists to recognize the importance of complex dynamics, or chaos theory, in economics and to systematically explore whether a mathematical existence of such behavior could be established in standard models of economic theory. In these two volumes he shows that, far from being a passing fancy in economic research, complex dynamics emerge naturally at the very heart of the subject. The three parts of Volume I form a logical sequence, although each can be read and understood apart from the others. Part I provides a nontechnical introduction to the basic facts of economic change and the theoretical ideas that describe them.