Nonlinear Economic Dynamics (Economic Theory, Econometrics and Mathematical Economics Series)
Jean-Michael GrandmontISBN: 0122951409; 9780122951404;
A timely work which represents a major reappraisal of business cycle theory. It revives, with the help of modern analytical techniques, an old theme of Keynesian macroeconomics, namely that "market psychology" (i.e., volatile expectations) may be a significant cause of economic fluctuations. It is of interest not only to economists, but also to mathematicians and physicists.