Format:
1 online resource (401 pages)
Edition:
1st ed.
ISBN:
9780415554756
,
9780203855058
Series Statement:
Routledge Frontiers of Political Economy Series
Content:
This book consists of the major work of Professor Ping Chen, a pioneer in studying economic chaos and economic complexity. They are selected from works completed since 1987, integrating different insights from Marx, Marshall, Schumpeter and Keynes
Note:
Book Cover -- Title -- Copyright -- Contents -- Figures -- Tables -- Preface -- Acknowledgments -- Abbreviations -- Symbols -- 1 Introduction -- Part I: Methodological review: Economic complexity, equilibrium illusion, and evolutionary dynamics -- 2 Equilibrium illusion, economic complexity, and evolutionary foundation in economic analysis -- 3 Evolutionary economic dynamics: Persistent cycles, disruptive technology, and the trade-off between stability and complexity -- Part II: Macro vitality: Trend-cycle separation, economic chaos, and persistent cycles -- 4 Empirical and theoretical evidence of economic chaos -- 5 Searching for economic chaos: A challenge to econometric practice and nonlinear tests -- 6 A random walk or color chaos on the stock market? Time-frequency analysis of S& -- P indexes -- 7 Trends, shocks, persistent cycles in evolving economy: Business-cycle measurement in time-frequency representation -- Part III: Micro interaction and population dynamics: Learning, communication, and market share competition -- 8 Origin of division of labor and stochastic mechanism of differentiation -- 9 Imitation, learning, and communication: Central or polarized patterns in collective actions -- 10 Needham's question and China's evolution: Cases of nonequilibrium social transition -- 11 China's challenge to economic orthodoxy: Asian reform as an evolutionary, self-organizing process -- Part IV: Equilibrium illusion and meso foundation: Perpetual motion machine, representative agents, and organization diversity -- 12 The Frisch model of business cycles: A spurious doctrine, but a mysterious success -- 13 Microfoundations of macroeconomic fluctuations and the laws of probability theory: The Principle of Large Numbers vs. rational expectations arbitrage -- 14 Complexity of transaction costs and evolution of corporate governance
,
Part V: Market instability, natural experiments, and government policy -- 15 Market instability and economic complexity: Theoretical lessons from transition experiments -- 16 From an efficient to a viable international financial market -- Epilogue -- Notes -- References -- Index
Additional Edition:
Print version Chen, Ping Economic Complexity and Equilibrium Illusion Oxford : Taylor & Francis Group,c2010 ISBN 9780415554756
Language:
English
Keywords:
Electronic books
URL:
FULL
((OIS Credentials Required))
