Adventures in Nonlinear Dynamics
By (author) K. Vela Velupillai
Adventures in Nonlinear Dynamics by K. Vela Velupillai
Book DescriptionNonlinear business cycle theory, an innovative dynamic theory of why fluctuations happen, thrived in the 1940s, until the Keynesian base upon which it was structured began to give way to a more neoclassical approach to economics. Largely forgotten for half a century, the theory has been resurrected recently, as research on complex, nonlinear dynamics from the worlds of physics, biology, and sociology have made their way into economics, and as the debate over what is known as 'real business cycle theory' heats up. Vela Velupillai's book is a history of the boom, bust, and rebirth of an idea; how theories fall in and out of fashion in the field of economics. It is a story of the personalities which drive economic thought, of the alliances and biases that define the orthodoxy of the field, and how that orthodoxy shifts in ways both subtle and profound. It is a personal tale of how economics works, as a human experience; the personal discoveries, false starts, and hopes nurtured and betrayed. The author ends with a summary of where the current debate in economics stands, and offers a new line of approach to the modelling of business cycles.
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Book DetailsISBN: 9781405150521
(140mm x 216mm x 0mm)
Imprint: Blackwell Publishing Ltd
Publisher: John Wiley and Sons Ltd
Publish Date: 30-Sep-2016
Country of Publication: United Kingdom
Books By Author K. Vela Velupillai
Macroeconomic Theory and Economic Policy, Paperback (June 2012)
Jean-Paul Fitoussi needs no introduction as one of the world's foremost Macroeconomists of his generation. This celebration of his work includes contributions from Nobel Prize - winning economists Robert W. Clower and Robert Solow as well as Olivier Blanchard and leading economic theorist, Edmond Malinvaud.
Computable Foundations for Economics, Hardback (January 2009)
Written by the author who is an expert on computable economics, this book includes essays and a chapter on computability and complexity.
Computability, Complexity and Constructivity in Economic Analysis, Paperback (April 2005)» View all books by K. Vela Velupillai
A collection of essays that develops an economic theory based on the mathematics of the digital computer. It proposes a mathematical foundation for economic theory and applied economics. It also supplies formalizations and applications to traditional issues in economic analysis.
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