Nonlinear Dynamical Economics and Chaotic Motion

Viac o knihe

The second edition addresses typographic and conceptual errors from the first edition, reorganizing content for clarity. Chapter 4 is now split into two, focusing on discrete and continuous nonlinear economic dynamics. An appendix includes essential details on linear dynamical systems, invariant subspaces, and center-manifold reductions. The book also revisits Popper's views on determinism in relation to chaotic nonlinear systems and expands on price-quantity adjustments, limit cycles, and relaxation oscillations in Chapter 2.