Complex Economic Dynamics: An Introduction To Macroeconomic Dynamics

Paperback | February 17, 2000

byRichard H. Day

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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 dynamics, looks at the economy as a whole. Topics include business cycles, economic growth, economic development, and dynamical economic science and policy. The book concludes with the author's reflections on the implications of complex dynamics for economic theory, quantitative research, and government policy.

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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 researc...

Format:PaperbackDimensions:418 pages, 9.1 × 6.3 × 1.6 inPublished:February 17, 2000Publisher:The MIT PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0262528606

ISBN - 13:9780262528603

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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 toolspresented, and all will enjoy the mathematical scenery of the journey.