The Visible Hand Synergetic Microfoundation of Macroeconomic Dynamics
In the last decade highly innovatory developments have taken place in theoretical economics. The new focus of interest seems to be twofold: Firstly, nonlinear models for dynamic processes of the economy are constructed to extend the scope of linear models for tlle stationary euqilibrium state; and s...
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| Format: | eBook |
| Language: | English |
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Berlin, Heidelberg
Springer Berlin Heidelberg
1991, 1991
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| Edition: | 1st ed. 1991 |
| Series: | Lecture Notes in Economics and Mathematical Systems
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| Subjects: | |
| Online Access: | |
| Collection: | Springer Book Archives -2004 - Collection details see MPG.ReNa |
Table of Contents:
- I. Introduction
- 1. Temporary Equilibrium Theory
- 2. Evolutionary Economics
- 3. Synergetics as a Dynamic Decision Theory
- II. Application of Synergetics in Business Cycle Theory
- 1. Basic Linear Model
- 2. A Synergetic Model of Demand for Investment
- 3. Producers’ Decision on the Output Level
- 4. Consumers’ Decision
- III. Empirical Evidence
- 1. Goals and Methods
- 2. Empirical Test of the Model with Macrodata
- 3. Empirical Test of the Model with Microdata
- 4. Remarks
- IV. Conclusion
- References
- Index of Figures and Tables