ECONOMIC EVOLUTION AND STRUCTURAL ADJUSTMENT by David Batten, David Batten (Editor), John L. Casti (Editor) ( 9783540181835 )

Item Details

Title:

ECONOMIC EVOLUTION AND STRUCTURAL ADJUSTMENT
PROCEEDINGS OF INVITED SESSIONS ON ECONOMIC EVOLUTION AND STRUCTURAL CHANGE HELD AT THE 5TH INTERNATIONAL CONFERENCE ON MATHEMATICAL MODELLING AT THE UNIVERSITY OF CALIFORNIA, BERKELEY, CALIFORNIA, USA JULY 29-31, 1985

By:

David Batten, David Batten (Editor), John L. Casti (Editor)

Format:

Paperback

List price:	£76.50
We currently do not stock this item, please contact the publisher directly for further information.

ISBN 10:

3540181830

ISBN 13:

9783540181835

Publisher:

SPRINGER-VERLAG BERLIN AND HEIDELBERG GMBH & CO. KG

Pub. date:

9 September, 1987

Series:

Lecture Notes in Economics and Mathematical Systems 293

Pages:

387

Synopsis:

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.

Illustrations:

21 Illustrations, black and white; VI, 387 p. 21 illus.

Publication:

Germany

Imprint:

Springer-Verlag Berlin and Heidelberg GmbH & Co. K

Returns:

Returnable

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