Titlebook: Synergetic Economics; Time and Change in N Wei-Bin Zhang Book 1991 Springer-Verlag Berlin Heidelberg 1991 Schumpeter.bifurcation.business c

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Stochastic Processes and Economic Evolution,nother way to explain economic fluctuations. Dynamic systems which are subjected to external noise can exhibit irregular behavior. For instance, consider a simple example of a periodically driven (pendulum) equation (see Schuster 1988) . , where . is the damping constant, . represents the amplitude and . the frequency of a driving torque.

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Introduction,sts? The human being has been confronted with these questions even since civilization began. All of these questions are essential in both western and eastern cultures, and not only confined to the sciences. Thinking about evolution is itself an evolutionary process due both to the complexity of the

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Economic Chaos in Deterministic Systems,c data hardly exhibit such regular oscillations. Economic variables often appear to fluctuate irregularly. This chapter will explain such endogenous “chaotic” economic phenomena. We show that there is order in chaos; the “random” economic behavior may have an underlying geometric form. Such phenomen