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Author: Bruce J. West Publisher: Springer Science & Business Media ISBN: 3642933068 Category : Mathematics Languages : en Pages : 215
Book Description
One of my favorite quotes is from a letter of Charles Darwin (1887): "I have long discovered that geologists never read each other's works, and that the only object in writing a book is proof of earnestness, and that you do not form your opinions without undergoing labour of some kind. " It is not clear if this private opinion of Darwin was one that he held to be absolutely true, or was one of those opinions that, as with most of us, coincides with our "bad days," but is replaced with a more optimistic view on our "good days. " I hold the sense of the statement to be true in general, but not with regard to scientists never reading each other's work. Even if that were true however, the present essay. would still have been written as a proof of earnestness. This essay outlines my personal view of how nonlinear mathematics may be of value in formulating models outside the physical sciences. This perspective has developed over a number of years during which time I have repeatedly been amazed at how an "accepted" model would fail to faithfully characterize the full range of avail able data because of its implicit or explicit dependence on linear concepts. This essay is intended to demonstrate how linear ideas have come to dominate and therefore limit a scientist's ability to understand any given class of phenomena.
Author: Bruce J. West Publisher: Springer Science & Business Media ISBN: 3642933068 Category : Mathematics Languages : en Pages : 215
Book Description
One of my favorite quotes is from a letter of Charles Darwin (1887): "I have long discovered that geologists never read each other's works, and that the only object in writing a book is proof of earnestness, and that you do not form your opinions without undergoing labour of some kind. " It is not clear if this private opinion of Darwin was one that he held to be absolutely true, or was one of those opinions that, as with most of us, coincides with our "bad days," but is replaced with a more optimistic view on our "good days. " I hold the sense of the statement to be true in general, but not with regard to scientists never reading each other's work. Even if that were true however, the present essay. would still have been written as a proof of earnestness. This essay outlines my personal view of how nonlinear mathematics may be of value in formulating models outside the physical sciences. This perspective has developed over a number of years during which time I have repeatedly been amazed at how an "accepted" model would fail to faithfully characterize the full range of avail able data because of its implicit or explicit dependence on linear concepts. This essay is intended to demonstrate how linear ideas have come to dominate and therefore limit a scientist's ability to understand any given class of phenomena.
Author: David Glasner Publisher: Routledge ISBN: 1136545271 Category : Business & Economics Languages : en Pages : 800
Book Description
Experts define, review, and evaluate economic fluctuations Economic and business uncertainty dominate today's economic analyses. This new Encyclopedia illuminates the subject by offering 323 original articles on every major aspect of business cycles, fluctuations, financial crises, recessions, and depressions. The work of more than 200 experts, including many of the leading researchers in the field, the articles cover a broad range of subjects, including capsule biographies of leading economists born before 1920. Individual entries explore banking panics, the cobweb cycle, consumer durables, the depression of 1937-1938, Otto Eckstein, Friedrich Engels, experimental price bubbles, forced savings, lass-Steagall Act, Friedrich hagen, qualitative indicators, use of macro-econometric models, monetary neutrality, Phillips Curve, Paul Samuelson, Say's law, supply-side recessions, James Tokin, trend and random wages, Thorstein Veblen, worker-job turnover, and more.
Author: Publisher: Springer ISBN: 1349588024 Category : Law Languages : en Pages : 7493
Book Description
The award-winning The New Palgrave Dictionary of Economics, 2nd edition is now available as a dynamic online resource. Consisting of over 1,900 articles written by leading figures in the field including Nobel prize winners, this is the definitive scholarly reference work for a new generation of economists. Regularly updated! This product is a subscription based product.
Author: Ian Boyd Publisher: Springer Science & Business Media ISBN: 364273118X Category : Business & Economics Languages : en Pages : 156
Book Description
The aim of this book and a brief description of its con tents appear in chapter I. The purpose of this preface is to express our thanks to various people and organizations. Professor Peter Groenewegen of Sydney University and Dr. Michael Krueger of the University of Massachusetts at Amherst have both been extremely helpful in reading the ma terial and proffering many valuable suggestions. We also wish to thank an anonymous referee for Springer Verlag, for his critical reading and comments. Naturally, we take full responsibility for whatever errors and shortcomings remain. OUr thanks go to Haifa University, particularly the mem bers of the Haifa University Computation Center, for their patience and help in the preparation of the manuscript and production of camera copy. It is a pleasure to acknowledge the assistance of various members of staff of the University of New South Wales, and in particular those at the computer facility within the School of Mathematics. Ian Boyd, Sydney, Austral ia John Blatt, Haifa, Israel. Table of Contents Preface . . . . . . . . . . . . . . . . . . . . . . . . v CHAPTER 1. INTRODUCTION AND BRIEF SUMMARY. . . . . . 1 THE TRADE CYCLE. 7 CHAPTER 11. A BRIEF HISTORICAL SURVEY OF Section A: Why the nineteenth century? • • • • • • • • • 7 Section B: Classification of Cycles. • • •• 10 11 Section C: The Crash of 1873. ••• •• Section D: Asymmetry between Rise and Fall. •• 15 Section E: The Speed of the Crash. 17 · . . . .
Author: Ferenc Szidarovszky Publisher: Springer Nature ISBN: 9811536236 Category : Mathematics Languages : en Pages : 303
Book Description
This book focuses on the latest advances in nonlinear dynamic modeling in economics and finance, mainly—but not solely—based on the description of strategic interaction by using concepts and methods from dynamic and evolutionary game theory. The respective chapters cover a range of theoretical issues and examples concerning how the qualitative theory of dynamical systems is used to analyze the local and global bifurcations that characterize complex behaviors observed in social systems where heterogeneous and boundedly rational economic agents interact. Nonlinear dynamical systems, represented by difference and differential and functional equations, are extensively used to simulate the behavior of time-evolving economic systems, also in the presence of time lags, discontinuities, and hysteresis phenomena. In addition, some theoretical issues and particular applications are discussed, as well. The contributions gathered here offer an up-to-date review of the latest research in this rapidly developing research area.
Author: Peter M. Kort Publisher: Springer Science & Business Media ISBN: 3642489044 Category : Business & Economics Languages : en Pages : 196
Book Description
1.1. Scope of the Book This book is a contribution to the area of "dynamic models of the firm". The motivation for this kind of research is the following: Empirical studies (e.g. Albach (1976)) have shown that the development of the firm over time can be divided into different stages. such as growth. stationarity and contraction. In order to understand and evaluate these stages in a proper way. it is important to develop a suitable theoretical framework. To that end. economists have applied dynamic mathematical techniques. such as optimal control theory. calculus of variations and dynamic programming to design and analyse dynamic models of the firm. In this way. the economic theory of the firm is extended to a dynamic context. Within the field of the dynamics of the firm this book - develops a general investment decision rule. based on the concept "net present value of marginal investment". which is applicable in deterministic dynamic models of the firm; - studies the influence of adjustment costs of investment on optimal dynamic firm behavior; - extends the stochastic dynamic theory of the firm by connecting it with a dynamic version of the Capital Asset Pricing Model. Before elaborating on "the dynamics of the firm". we first review the subject of net present value in the classical analysis.
Author: Willi Semmler Publisher: Springer Science & Business Media ISBN: 9401113645 Category : Business & Economics Languages : en Pages : 404
Book Description
In macrodynamics and business cycle analysis we find nowadays a variety of approaches elaborating frameworks for studying the fluctuations in economic and financial data. These approaches are viewed from Keynesian, monetarist and rational expectations standpoints. There are now also numerous empirical methods for the testing of nonlinear data generating mechanisms. This volume brings together a selection of contributions on theories of the business cycle and new empirical methods and synopsizes the new results. The volume (i) gives an overview of current models and modern concepts and tools for analyzing the business cycle; (ii) demonstrates, where possible, the relation of those models to the history of business cycle analysis; and (iii) presents current work, surveys and original work, on new empirical methods of studying cycle generating mechanisms.
Author: Mario Chavez Publisher: John Wiley & Sons ISBN: 1119157048 Category : Political Science Languages : en Pages : 438
Book Description
The monograph covers the fundamentals and the consequences of extreme geophysical phenomena like asteroid impacts, climatic change, earthquakes, tsunamis, hurricanes, landslides, volcanic eruptions, flooding, and space weather. This monograph also addresses their associated, local and worldwide socio-economic impacts. The understanding and modeling of these phenomena is critical to the development of timely worldwide strategies for the prediction of natural and anthropogenic extreme events, in order to mitigate their adverse consequences. This monograph is unique in as much as it is dedicated to recent theoretical, numerical and empirical developments that aim to improve: (i) the understanding, modeling and prediction of extreme events in the geosciences, and, (ii) the quantitative evaluation of their economic consequences. The emphasis is on coupled, integrative assessment of the physical phenomena and their socio-economic impacts. With its overarching theme, Extreme Events: Observations, Modeling and Economics will be relevant to and become an important tool for researchers and practitioners in the fields of hazard and risk analysis in general, as well as to those with a special interest in climate change, atmospheric and oceanic sciences, seismo-tectonics, hydrology, and space weather.
Author: Lorraine Eden Publisher: Springer Nature ISBN: 303022113X Category : Business & Economics Languages : en Pages : 501
Book Description
Showcasing methodological rigour and state-of-the-art methods as hallmarks of modern international business (IB) research, this book offers a collection of the most relevant and highly cited research methods articles from the Journal of International Business Studies (JIBS). Each piece is accompanied by a new Commentary written by experts in the field; some also include Further Reflections by the original authors. Encompassing both qualitative and quantitative approaches, this comprehensive volume explores research design, testing and reporting, as well as specific methodological issues such as endogeneity, common method variance, and theorising from case studies. With recommendations for best practices relating to interaction effects, hypothesis testing, and replicability, this book is a unique and up-to-date reference source on the latest research methods and practices in international business. The book will also be essential reading for those studying any sub-discipline of IB research, including international economics, entrepreneurship, finance, management and marketing.
Author: Bruce J. West
Author: Bruce J. West
Author: David Glasner
Author: 
Author: 
Author: Ian Boyd
Author: Ferenc Szidarovszky
Author: Peter M. Kort
Author: Willi Semmler
Author: Mario Chavez
Author: Lorraine Eden