Optimal Control Theory and Static Optimization in Economics more books like this

by Daniel Leonard, Ngo Van Long

Optimal control theory is a technique being used increasingly by academic economists to study problems involving optimal decisions in a multi-period framework. This textbook is designed to make the difficult subject of optimal control theory easily accessible to economists while at the same time maintaining rigour. Economic intuitions are ...

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Economic Dynamics: Theory and Computation more books like this

by John Stachurski

This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real world problems. The material ...

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The Dynamic Society: Exploring the Sources of Global Change more books like this

by Graeme Donald Snooks, D Snooks Graeme

This book discusses the nature and process of change in human society over the past 2 million years. The author draws on economic, historical and biological concepts to examine the driving forces of change and looks to likely developments in the future.

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Methods of Macroeconomic Dynamics more books like this

by Stephen J Turnovsky

An analysis of dynamic modelling which aims to demonstrate how it is used to analyze the effects of policy on economic growth and performance. Chapters cover traditional macrodynamics, rational expectations, intertemporal optimization and continuous-time stochastic models.

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Social Statics or the Conditions Essential to Human Happiness Specified, and the First of Them Developed more books like this

by Herbert Spencer

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Capital Theory and Dynamics more books like this

by Edwin Burmeister

Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its ...

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Macroeconomic Dynamics more books like this

by Keizo Nagatani

This presentation of advanced macroeconomics emphasizes the dynamic behaviour of the economy. Developed capitalist economies are characterized by large stocks of durable goods and the intertemporal nature of economic decisions that these involve. Such intertemporal decisions based on expectations about an uncertain future are the main sources of ...

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Schumpeterian Dynamics and Metropolitan-Scale Productivity more books like this

by Yeonwoo Lee

Schumpeter first put forward the premise that the incessant turbulence of an economy in motion, carrying out new combinations of products, production methods with new technologies and the opening of new markets, is capable of explaining patterns of economic growth and change. Focusing on US industrialized urban areas, this volume tests this theory ...

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Economic Turbulence: Is a Volatile Economy Good for America? more books like this

by Clair Brown, John Haltiwanger, Julia Lane

Every day, in every sector of our economy, a business shuts down while another starts up, jobs are created while others are cut, and workers are hired while others are laid off. This constant flux, or turbulence, is a defining characteristic of our free market system, yet it mostly inspires angst about unemployment, loss of earnings, and the ...

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Two-Sector Model of General Equilibrium more books like this

by Harry G Johnson

This important book presents a theory of general equilibrium and was the first to present in condensed form the construction of the two-sector model, its applications to the theory of distribution and public finance for income redistribution, and its conversion into a growth model. It assembles a body of analysis that was previously available only ...

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Economic Dynamics: Phase Diagrams and Their Economic Application more books like this

by Ronald Shone

This is the substantially revised and restructured second edition of Ron Shone's successful advanced textbook Economic Dynamics. The book provides detailed coverage of dynamics and phase diagrams, including: quantitative and qualitative dynamic systems, continuous and discrete dynamics, linear and non-linear systems and single equation and systems ...

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Chaotic Dynamics: Theory and Applications to Economics more books like this

by Alfredo Medio, Ph.D.

This book is a tool for the theoretical and numerical investigation of nonlinear dynamical systems modelled by means of ordinary differential and difference equations. The work is divided into two parts: a book, comprising a theoretical overview of the subject matter and a number of applications; and an integrated software program. Although the ...

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Attractors, Bifurcations, and Chaos: Nonlinear Phenomena in Economics more books like this

by Tonu Puu

The first part of this book is an introduction to mathematical methods in modern nonlinear dynamics and deals with differential equations, both ordinary and partial, further with discrete maps, and with catastrophe theory. Phenomena such as bifurcations and deterministic chaos are given considerable emphasis, both in the methodological part, and ...

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Complex Economic Dynamics - Vol. 2: An Introduction to Macroeconomic Dynamics more books like this

by Richard H Day

This volume is concerned with macroeconomic dynamics, and looks at the economy as a whole. Topics include business cycles, economic growth, economic development, and dynamical economic science and policy. It concludes with reflections on the implications of complex dynamics.

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The Theory of Dynamic Efficiency more books like this

by Jesus Huerta De Soto

This book gathers a collection of English language essays by Jesus Huerta de Soto over the past ten years, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions. The author's multidisciplinary approach to the subject is in keeping with a ...

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Nonlinear Dynamics, Chaos, and Instability: Statistical Theory and Economic Evidence more books like this

by William A Brock, David A Hsieh, Blake Lebaron

Chaos theory has touched on such fields as biology, cognitive science, and physics. By providing a unified explanation of statistical methods that are useful for testing for chaos in data sets, the authors show how the principles of chaos theory can be applied to such areas of economics and finance as the changing structure of stock returns and ...

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Human Development in the Twenty-First Century: Visionary Ideas from Systems Scientists more books like this

by Alan Fogel (Editor), Barbara J King (Editor), Dr. Stuart G Shanker (Editor)

How do human beings develop and function in relation to the human and natural world? The science of dynamic systems focuses on connections and relationships between people rather than on individual actions alone. This collection of engaging, non-technical essays, written by dynamic systems scientists in psychology, biology, anthropology, education ...

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Evolutionary economics; a study of change in economic thought more books like this

by David Boyce Hamilton

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Economic Dynamics more books like this

by Ronald Shone

This book provides a thorough introduction to dynamics, and to phase diagrams and their economic application. From the mathematical point of view it covers both quantitative and qualitative dynamic systems; continuous and discrete dynamics; linear and non-linear systems and single equations and systems of equations. It illustrates dynamic systems ...

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Dynamic and Immobilist Politics in Japan more books like this

by Alan Rix, Aurelia George, J. A. Stockwin

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Surveys in Economic Dynamics more books like this

by Donald A R George (Editor), Les Oxley (Editor), Simon M Potter (Editor)

The theme of the book is economic dynamics. It is now widely known that nonlinear dynamic modeling raises some vital and fascinating issues for economists. These include multiple equilibria, statistical inference, stability, robustness, chaos and undecidability. Many economists still find the nonlinear dynamic economy such a weird and distressing ...

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Dynamic Economic Models in Discrete Time: Theory and Empirical Applications more books like this

by Brian S Ferguson, Hilde C Bojer, Ferguson Brian

Economic behaviour is inherently dynamic. While things change continuously over time, much of economic analysis is based on discrete time, such as a month, quarter or a year reflecting the periodic nature of data-collecting and decision-making. The book introduces and develops the techniques of discrete time modelling starting with first order ...

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Complex Economic Dynamics - Vol. 1: An Introduction to Dynamical Systems and Market Mechanisms more books like this

by Richard H Day

The author of this text was one of the first economists to recognize the importance of complex dynamics, or chaos theory, in economics and to systematically explore whether a mathematical existence of such behavior could be established in standard models of economic theory. In these two volumes he shows that, far from being a passing fancy in ...

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Economic Dynamics: Theory, Games and Empirical Studies more books like this

by Chester W Hurlington

Economic dynamic theory includes dynamic games, dynamic general equilibrium theory, and empirical studies. The following topics are subsumed: business cycles, asset pricing, search models, intergenerational issues, fertility, financial systems. This book presents the latest research from around the globe.

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Economic Theory, Dynamics and Markets more books like this

by Takashi Negishi (Editor), Rama V Ramachandran (Editor), Kazuo Mino (Editor)

Economic Theory, Dynamics, and Markets. The collection of essays in honor of Ryuzo Sato, written by his colleagues and students, covers the many fields of economic theory and policy to which he has contributed. The first section pays tribute to his contributions to mathematical economics and economic theory. Ryuzo Sato is known for his work in ...

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