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Titlebook: Economic Evolution and Structural Adjustment; Proceedings of Invit David Batten,John L. Casti,Börje Johansson Conference proceedings 1987 S

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书目名称Economic Evolution and Structural Adjustment
副标题Proceedings of Invit
编辑David Batten,John L. Casti,Börje Johansson
视频video
丛书名称Lecture Notes in Economics and Mathematical Systems
图书封面Titlebook: Economic Evolution and Structural Adjustment; Proceedings of Invit David Batten,John L. Casti,Börje Johansson Conference proceedings 1987 S
描述Since the beginning of the fifties, the ruling paradigm in the discipline of economics has been that of a competitive general equilibrium. Associated dynamic analyses have therefore been preoccupied with the stability of this equilibrium state, corresponding simply to studies of comparative statics. The need to permeate the boundaries of this paradigm in order to open up new pathways for genuine dynamic analysis is now pressing. The contributions contained in this volume spring from this very ambition. A growing circle of economists have recently been inspired by two distinct but complementary sources: (i) the pathbreaking work of Joseph Schumpeter, and (ii) recent contributions to physics, chemistry and theoretical biology. It turns out that problems which are firmly rooted in the economic discipline, such as innovation, technological change, business cycles and economic development, contain many clear parallels with phenomena from the natural sciences such as the slaving principle, adiabatic elimination and self-organization. In such dynamic worlds, adjustment processes and adaptive behaviour are modelled with the aid of the mathematical theory of nonlinear dynamical systems. The
出版日期Conference proceedings 1987
关键词Schumpeter; business cycle; dynamical systems; economic dynamics; economic theory; economics; equilibrium;
版次1
doihttps://doi.org/10.1007/978-3-662-02522-2
isbn_softcover978-3-540-18183-5
isbn_ebook978-3-662-02522-2Series ISSN 0075-8442 Series E-ISSN 2196-9957
issn_series 0075-8442
copyrightSpringer-Verlag Berlin Heidelberg 1987
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The General Theory of Disequilibrium Economics and of Economic Evolutionrowth, and periodic business cycles. Each of these types of behavior has its corresponding explanation or set of alternative explanations. Theories of general equilibrium explain stationary states or steady, balanced growth. Theories of business cycles explain periodic oscillations in the economy. U
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Log-Linear Relative Dynamics: Unification of Theoriesld of interest in this universal process is the unification of four different theories - innovation diffusion theory, economic utility theory, urban/regional relative dynamics and ecological competition theory - which had previously developed independently without much interaction. This paper aims t
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The Schumpeter Clockuctuating components. As a first approximation, the long- and short-term phenomena can be treated separately (Figure 1). In this contribution, we shall focus on short-term motions of the economy which manifest themselves in the macroeconomic variables. We aim to provide a partial theory for the non-
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Complex Dynamics in Continuous Models of the Business Cycleated. The modelled processes were essentially nonlinear. Unfortunately, the results for the nonlinear models were obtained by outright calculation with the means then available, or — as it is nowadays called — by simulation. Of course, only small sets of initial conditions could be dealt with in tha
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A Multisector Model of the Trade CycleThe starting point of our investigation will be the well known dynamic input-output model:.where x ∈ R. is a column vector indicating the levels of activity of the various sectors; A ∈ R. and B ∈ R. are matrices indicating, respectively, the flow and the stock input-output relations.
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