Synergetic Economics
Synergetic Economics

Author: Wei-Bin Zhang

Publisher: Springer Science & Business Media

Published: 2013-03-07

Total Pages: 258

ISBN-13: 3642759092

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Synergetic Economics presents a new advance in analytical economics. It deals with problems related to time and change in economic systems, including complex aspects, such as the effects of nonlinearity, instability, bifurcation and chaos in economic evolution. The author argues that economic systems may run through a hierarchy of instabilities in which more and more structural patterns evolve. Such instabilities are caused by changes in the external parameters of the system. They may lead to new spatial-temporal patterns of the system. A number of explicit examples are provided to show how such behavior can occur in various dynamic economic systems. Analytical methods are also presented to cope with nonlinear problems. Of particular interest are sudden (structural) changes, the existence of regular and irregular oscillations, the role of random factors in economic evolution, and the effects of time scales and rates of adjustment of economic variables in economic analysis. The author carefully examines the implications of nonlinear phenomena for decision making, and for economic development in general.

Discrete Dynamical Systems, Bifurcations and Chaos in Economics
Discrete Dynamical Systems, Bifurcations and Chaos in Economics

Author: Wei-Bin Zhang

Publisher: Elsevier

Published: 2006-01-05

Total Pages: 459

ISBN-13: 0080462464

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This book is a unique blend of difference equations theory and its exciting applications to economics. It deals with not only theory of linear (and linearized) difference equations, but also nonlinear dynamical systems which have been widely applied to economic analysis in recent years. It studies most important concepts and theorems in difference equations theory in a way that can be understood by anyone who has basic knowledge of calculus and linear algebra. It contains well-known applications and many recent developments in different fields of economics. The book also simulates many models to illustrate paths of economic dynamics. - A unique book concentrated on theory of discrete dynamical systems and its traditional as well as advanced applications to economics - Mathematical definitions and theorems are introduced in a systematic and easily accessible way - Examples are from almost all fields of economics; technically proceeding from basic to advanced topics - Lively illustrations with numerous figures - Numerous simulation to see paths of economic dynamics - Comprehensive treatment of the subject with a comprehensive and easily accessible approach

The General Economic Theory
The General Economic Theory

Author: Wei-Bin Zhang

Publisher: Springer Nature

Published: 2020-08-27

Total Pages: 351

ISBN-13: 3030562042

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This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis. The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline.

Foundations of Synergetics I
Foundations of Synergetics I

Author: Alexander S. Mikhailov

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 198

ISBN-13: 3642785565

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This book gives an introduction to the mathematical theory of cooperative behavior in active systems of various origins, both natural and artificial. It is based on a lecture course in synergetics which I held for almost ten years at the University of Moscow. The first volume deals mainly with the problems of pattern fonnation and the properties of self-organized regular patterns in distributed active systems. It also contains a discussion of distributed analog information processing which is based on the cooperative dynamics of active systems. The second volume is devoted to the stochastic aspects of self-organization and the properties of self-established chaos. I have tried to avoid delving into particular applications. The primary intention is to present general mathematical models that describe the principal kinds of coopera tive behavior in distributed active systems. Simple examples, ranging from chemical physics to economics, serve only as illustrations of the typical context in which a particular model can apply. The manner of exposition is more in the tradition of theoretical physics than of in mathematics: Elaborate fonnal proofs and rigorous estimates are often replaced the text by arguments based on an intuitive understanding of the relevant models. Because of the interdisciplinary nature of this book, its readers might well come from very diverse fields of endeavor. It was therefore desirable to minimize the re quired preliminary knowledge. Generally, a standard university course in differential calculus and linear algebra is sufficient.

Contemporary Economic Ethics and Business Ethics
Contemporary Economic Ethics and Business Ethics

Author: Peter Koslowski

Publisher: Springer Science & Business Media

Published: 2013-04-17

Total Pages: 272

ISBN-13: 3662040727

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The approaches to economic ethics and business ethics in Continental Europe and those in America show considerable differences but also a shared interest in turning business ethics into a subject relevant and useful for business practice as well as for the philosophical debate on ethics. The volume collects original essays on the major approaches to economic ethics and business ethics in Germany, the USA, and Europe. It provides the reader with a comprehensive overview about the discussion on modern economic ethics and business ethics. It introduces the German approaches to economic ethics and to business ethics to the English-speaking audience.

Nonlinear Dynamics in Economics and Social Sciences
Nonlinear Dynamics in Economics and Social Sciences

Author: Franco Gori

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 371

ISBN-13: 3642580319

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This volume constitutes the Proceedings of the "Nonlinear Dynamics in Economics and Social Sciences" Meeting held at the Certosa di Pontignano, Siena, on May 27-30, 1991. The Meeting was organized by the National Group "Modelli Nonlineari in Economia e Dinamiche Complesse" of the Italian Ministery of University and SCientific Research, M.U.RS.T. The aim of the Conference, which followed a previous analogous initiative taking place in the very same Certosa, on January 1988*, was the one of offering a come together opportunity to economists interested in a new mathematical approach to the modelling of economical processes, through the use of more advanced analytical techniques, and mathematicians acting in the field of global dynamical systems theory and applications. A basiC underlying idea drove the organizers: the necessity of fOCUSing on the use that recent methods and results, as those commonly referred to the overpopularized label of "Chaotic Dynamics", did find in the social sciences domain; and thus to check their actual relevance in the research program of modelling economic phenomena, in order to individuate and stress promising perspectives, as well as to curb excessive hopes and criticize not infrequent cases where research reduces to mechanical, ad hoc, applications of "a la mode" techniques. In a word we felt the need of looking about the state of the arts in non-linear systems theory applications to economics and social processes: hence the title of the workshop and the volume.

Complexity Theory and Uncertainties
Complexity Theory and Uncertainties

Author: Wei-Bin Zhang

Publisher: Springer Nature

Published: 2023-11-13

Total Pages: 132

ISBN-13: 3031423941

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This book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment. From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China's modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations. Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.

Mathematical Models in Economics - Volume I
Mathematical Models in Economics - Volume I

Author: Wei-Bin Zhang

Publisher: EOLSS Publications

Published: 2009-06-10

Total Pages: 542

ISBN-13: 1848262280

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Mathematical Models in Economics is a component of Encyclopedia of Mathematical Sciences in which is part of the global Encyclopedia of Life Support Systems (EOLSS), an integrated compendium of twenty one Encyclopedias. This theme is organized into several different topics and introduces the applications of mathematics to economics. Mathematical economics has experienced rapid growth, generating many new academic fields associated with the development of mathematical theory and computer. Mathematics is the backbone of modern economics. It plays a basic role in creating ideas, constructing new theories, and empirically testing ideas and theories. Mathematics is now an integral part of economics. The main advances in modern economics are characterized by applying mathematics to various economic problems. Many of today's profound insights into economic problems could hardly be obtained without the help of mathematics. The concepts of equilibrium versus non-equilibrium, stability versus instability, and steady states versus chaos in the contemporary literature are difficult to explain without mathematics. The theme discusses on modern versions of some classical economic theories, taking account of balancing between significance of economic issues and mathematical techniques. These two volumes are aimed at the following five major target audiences: University and College students Educators, Professional practitioners, Research personnel and Policy analysts, managers, and decision makers and NGOs.

New Keynesian Economics/post Keynesian Alternatives
New Keynesian Economics/post Keynesian Alternatives

Author: Roy Jeffrey Rotheim

Publisher: Psychology Press

Published: 1998

Total Pages: 410

ISBN-13: 0415123887

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New Keynesian Economics has been the most significant development in economics in recent years. However, many modern thinkers have asked whether it actually builds upon or merely distorts Keynes' work. This unique volume provides the first full-scale critique of the New Keynesian school of thought. Within its pages, Post-Keynesian economists, including many from the United States, challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems. Sure to provoke much new debate and even controversy, New Keynesian Economicsseeks to reconcile these two seemingly intractable systems.

New Keynesian Economics / Post Keynesian Alternatives
New Keynesian Economics / Post Keynesian Alternatives

Author: Roy Rotheim

Publisher: Taylor & Francis

Published: 2013-03-07

Total Pages: 409

ISBN-13: 1134804768

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The New Keynesian Economics has been the most significant development in economics in recent years. Does it actually build upon Keynes' work? In this volume, leading post Keynesian economists challenge New Keynesianism both on the grounds that it is not Keynesian, and does not provide an adequate account of our current economic problems.