This volume constitutes the Proceedings of the "Nonlinear Dynamics in Economics and Social Sciences" Meeting held at the Certosa di Pontignano, Siena, on May 27-30, 1991. The Meeting was organized by the National Group "Modelli Nonlineari in Economia e Dinamiche Complesse" of the Italian Ministery of University and SCientific Research, M.U.RS.T. The aim of the Conference, which followed a previous analogous initiative taking place in the very same Certosa, on January 1988*, was the one of offering a come together opportunity to economists interested in a new mathematical approach to the modelling of economical processes, through the use of more advanced analytical techniques, and mathematicians acting in the field of global dynamical systems theory and applications. A basiC underlying idea drove the organizers: the necessity of fOCUSing on the use that recent methods and results, as those commonly referred to the overpopularized label of "Chaotic Dynamics", did find in the social sciences domain; and thus to check their actual relevance in the research program of modelling economic phenomena, in order to individuate and stress promising perspectives, as well as to curb excessive hopes and criticize not infrequent cases where research reduces to mechanical, ad hoc, applications of "a la mode" techniques. In a word we felt the need of looking about the state of the arts in non-linear systems theory applications to economics and social processes: hence the title of the workshop and the volume.
|Publisher:||Springer Berlin Heidelberg|
|Series:||Lecture Notes in Economics and Mathematical Systems , #399|
|Edition description:||Softcover reprint of the original 1st ed. 1993|
|Product dimensions:||6.69(w) x 9.53(h) x 0.03(d)|
Table of ContentsMinicourses.- Economics and the Environment: Global Erodynamic Models.- Complexity in Deterministic, Nonlinear Business-Cycle Models Foundations, Empirical Evidence, and Predictability.- Fractal “Box-Within-a-Box” Bifurcation Structure.- Invited Lectures.- Recurrence in Keynesian Macroeconomic Models.- Economic Nonlinear Dynamic Development.- Random Walk vs. Chaotic Dynamics in Financial Economics.- Contributed Papers.- A New Keynesian Model of the Business Cycle and Financial Fragility.- Non-Walrasian Equilibria in a Labour-Managed Economy.- Endogenous Cycles, Increasing Returns and Global Bifurcations in an Imperfectly Competitive Economy.- The Dynamics of Real Wages.- Oligopolistic Competition; from Stability to Chaos.- Nearest Neighbor Forecasts of Precious Metal Rates of Return.- On a Model of Financial Crisis: Critical Curves as New Tools of Global Analysis.- Phase-Locking in a Goodwin Model.- Complexity of Optimal Paths in Strongly Concave Problems.- Acyclicity of Optimal Paths.- Expected and Unexpected Distributive Shocks: An Analysis of Short and Long Run Effects.- Nonstandard General Equilibrium.- Real Indeterminacy, Taxes and Outside Money in Incomplete Financial Market Economies.- List of Participants.