Chaos, Complexity, and Nonlinear Economic Theory

What do economic chaos and uncertainties mean in rational or irrational economic theories? How do simple deterministic...
Dhs. 860.97 AED
Dhs. 860.97 AED
SKU: 9789811267413
Product Type: Books
Please hurry! Only 648 left in stock
Author: Wei-Bin Zhang
Format: Hardcover
Language: English
Subtotal: Dhs. 860.97
10 customers are viewing this product
Chaos, Complexity, and Nonlinear Economic Theory by Zhang, Wei-Bin

Chaos, Complexity, and Nonlinear Economic Theory

Dhs. 860.97

Chaos, Complexity, and Nonlinear Economic Theory

Dhs. 860.97
Author: Wei-Bin Zhang
Format: Hardcover
Language: English
What do economic chaos and uncertainties mean in rational or irrational economic theories? How do simple deterministic interactions among a few variables lead to unpredictable complex phenomena? Why is complexity of economies causing so many conflicts and confusions worldwide?This book provides a comprehensive introduction to recent developments of complexity theory in economics. It presents different models based on well-accepted economic mechanisms such as the Solow model, Ramsey model, and Lucas model. It is focused on presenting complex behaviors, such as business cycles, aperiodic motion, bifurcations, catastrophes, chaos, and hidden attractors, in basic economic models with nonlinear behavior. It shows how complex nonlinear phenomena are identified from various economic mechanisms and theories. These models demonstrate that the traditional or dominant economic views on evolution of, for instance, capitalism market, free competition, or Keynesian economics, are not generally valid. Markets are unpredictable and nobody knows with certainty the consequences of policies or other external factors in economic systems with simple interactions.

Author: Wei-Bin Zhang
Publisher: World Scientific Publishing Company
Published: 06/23/2023
Pages: 228
Binding Type: Hardcover
Weight: 1.05lbs
Size: 9.00h x 6.00w x 0.56d
ISBN: 9789811267413

Returns Policy

You may return most new, unopened items within 30 days of delivery for a full refund. We'll also pay the return shipping costs if the return is a result of our error (you received an incorrect or defective item, etc.).

You should expect to receive your refund within four weeks of giving your package to the return shipper, however, in many cases you will receive a refund more quickly. This time period includes the transit time for us to receive your return from the shipper (5 to 10 business days), the time it takes us to process your return once we receive it (3 to 5 business days), and the time it takes your bank to process our refund request (5 to 10 business days).

If you need to return an item, simply login to your account, view the order using the "Complete Orders" link under the My Account menu and click the Return Item(s) button. We'll notify you via e-mail of your refund once we've received and processed the returned item.

Shipping

We can ship to virtually any address in the world. Note that there are restrictions on some products, and some products cannot be shipped to international destinations.

When you place an order, we will estimate shipping and delivery dates for you based on the availability of your items and the shipping options you choose. Depending on the shipping provider you choose, shipping date estimates may appear on the shipping quotes page.

Please also note that the shipping rates for many items we sell are weight-based. The weight of any such item can be found on its detail page. To reflect the policies of the shipping companies we use, all weights will be rounded up to the next full pound.

Related Products

Recently Viewed Products