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

David Batten (u. a.)

ISBN 10: 3540181830 / ISBN 13: 9783540181835

Published by Springer, 1987

About this Item

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 | David Batten (u. a.) | Taschenbuch | Lecture Notes in Economics and Mathematical Systems | vi | Englisch | 1987 | Springer | EAN 9783540181835 | Verantwortliche Person für die EU: Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu.

Seller Inventory # 102147029

Bibliographic 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
• Publisher: Springer
• Publication Date: 1987
• Language: English
• ISBN 10: 3540181830
• ISBN 13: 9783540181835
• Binding: Taschenbuch
• Condition: Neu
• Dimensions: 244W x 170H x 22D millimeters 244 millimeters width by 170 millimeters height by 22 millimeters depth
• Weight: 681 grams
• Seller catalogs:
  • Bücher

About this title

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.