Applications of Methods and Algorithms of Nonlinear Dynamics in Economics and Finance.- Kaldorian assumptions and endogenous fluctuations in the dynamic fixed-price IS-LM model.- Determining the relationship between Co-Creation and Innovation by Neural Network.- On the fractal characterization of a system for tradings on Eurozone stocks.- Managing uncertainty in complex projects.- On the Concept of Endogenous Volatility.- Chaotic Order – The Economic Relativity.- The Strange Attractor of the Firm.- Interaction-Based approach to Economics and Finance.- Why should Economics give Chaos Theory another chance.- Disequilibrium Trade and the Dynamics of Stock Markets.
In this book, leading experts discuss innovative components of complexity theory and chaos theory in economics. The underlying perspective is that investigations of economic phenomena should view these phenomena not as deterministic, predictable, and mechanistic but rather as process dependent, organic, and always evolving. The aim is to highlight the exciting potential of this approach in economics and its ability to overcome the limitations of past research and offer important new insights. The book offers a stimulating mix of theory, examples, and policy. By casting light on a variety of topics in the field, it will provide an ideal platform for researchers wishing to deepen their understanding and identify areas for further investigation.