Nonlinear Economic Dynamics

ISBN-13: 9780122951404 / Angielski / Twarda / 1987 / 216 str.

Jean-Michel Grandmont

Opis

A timely work which represents a major reappraisal of business cycle theory. It revives, with the help of modern analytical techniques, an old theme of Keynesian macroeconomics, namely that market psychology (i.e., volatile expectations) may be a significant cause of economic fluctuations. It is of interest not only to economists, but also to mathematicians and physicists.