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ISBN: 0262041723, 9780262041720Издательство: MIT Press
"This book is a sweeping tour through Day's work on economic dynamics. Whether one agrees with his approach or not, one can benefit from the tools presented, and all will enjoy the mathematical scenery of the journey." -- William A. Brock, Vilas ResearchProfessor of Economics, The University of Wisconsin, Madison Richard H. Day was one of the first economists to recognize the importance of complex dynamics, or chaos theory, to economics. He can justly be described as one of the originators of the now extensive economic literature on chaos. The two volumes of Complex Economic Dynamics show that, far from being a passing trend in economic research, complex dynamics belongs at the heart of the subject. Although they can be read independently, the volumes follow a logical sequence. Volume 1 contained nontechnical introductions to the basics of economic change and to the mathematical and theoretical tools used to describe them. Volume 2, which is concerned with macroeconomic...