Economic Evolution and Structural Adjustment

Economic Evolution and Structural Adjustment

Author: David Batten

Publisher: Springer Science & Business Media

ISBN: 9783662025222

Category: Business & Economics

Page: 387

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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 dynamics is defined for a much wider set of conditions or states than simply a set of competitive equilibria. A common objective is to study and classify ways in which the qualitative properties of each system change as the parameters describing the system vary.
Economic Evolution and Structural Adjustment
Language: en
Pages: 387
Authors: David Batten, John L. Casti, Börje Johansson
Categories: Business & Economics
Type: BOOK - Published: 2013-06-29 - Publisher: Springer Science & Business Media

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
Economic Evolution and Structural Adjustment
Language: en
Pages: 396
Authors: David Batten, John L. Casti, Borje Johansson
Categories: Business & Economics
Type: BOOK - Published: 2014-01-15 - Publisher:

Books about Economic Evolution and Structural Adjustment
Economic Evolution and Structural Adjustment
Language: en
Pages: 382
Authors: David Batten, J. L. Casti, Borje Johansson
Categories: Business & Economics
Type: BOOK - Published: 1985 - Publisher:

Books about Economic Evolution and Structural Adjustment
Economic Evolution and Structural Adjustment
Language: en
Pages: 127
Authors: Helmut Meister
Categories: Business cycles
Type: BOOK - Published: 1987 - Publisher:

Books about Economic Evolution and Structural Adjustment
Economic Evolution and Structural Adjustment
Language: en
Pages: 382
Authors: Helmut Meister
Categories: Business cycles
Type: BOOK - Published: 1987 - Publisher:

Books about Economic Evolution and Structural Adjustment