Economic Complexity and Equilibrium Illusion [Elektronisk resurs] Essays on Market Instability and Macro Vitality.

• Book Cover; Title; Copyright; Contents; Figures; Tables; Preface; Acknowledgments; Abbreviations; Symbols; 1 Introduction; Part I: Methodological review: Economic complexity, equilibrium illusion, and evolutionary dynamics; 2 Equilibrium illusion, economic complexity, and evolutionary foundation in economic analysis; 3 Evolutionary economic dynamics: Persistent cycles, disruptive technology, and the trade-off between stability and complexity; Part II: Macro vitality: Trend-cycle separation, economic chaos, and persistent cycles; 4 Empirical and theoretical evidence of economic chaos. 
• 5 Searching for economic chaos: A challenge to econometric practice and nonlinear tests6 A random walk or color chaos on the stock market? Time-frequency analysis of S&P indexes; 7 Trends, shocks, persistent cycles in evolving economy: Business-cycle measurement in time-frequency representation; Part III: Micro interaction and population dynamics: Learning, communication, and market share competition; 8 Origin of division of labor and stochastic mechanism of differentiation; 9 Imitation, learning, and communication: Central or polarized patterns in collective actions. 
• 10 Needham's question and China's evolution: Cases of nonequilibrium social transition11 China's challenge to economic orthodoxy: Asian reform as an evolutionary, self-organizing process; Part IV: Equilibrium illusion and meso foundation: Perpetual motion machine, representative agents, and organization diversity; 12 The Frisch model of business cycles: A spurious doctrine, but a mysterious success; 13 Microfoundations of macroeconomic fluctuations and the laws of probability theory: The Principle of Large Numbers vs. rational expectations arbitrage. 
• 14 Complexity of transaction costs and evolution of corporate governancePart V: Market instability, natural experiments, and government policy; 15 Market instability and economic complexity: Theoretical lessons from transition experiments; 16 From an efficient to a viable international financial market; Epilogue; Notes; References; Index. 

• Consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. 

Ämnesord

Business cycles -- Mathematical models. 

Equilibrium (Economics) -- Mathematical models. 

Evolutionary economics. 

Genre

Electronic books.  (LCSH)

Klassifikation

HB145 (LCC)

339.5 (DDC)

Qaaccd (kssb/8 (machine generated))