Download or read book Economic Theory Dynamics and Markets written by Takashi Negishi and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 542 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Theory, Dynamics, and Markets. The collection of essays in honor of Ryuzo Sato, written by his colleagues and students, covers the many fields of economic theory and policy to which he has contributed. The first section pays tribute to his contributions to mathematical economics and economic theory. Ryuzo Sato is known for his work in growth theory and technical progress, and the second section has a number of papers on macroeconomics and dynamics. The third section has a number of papers on financial markets and their functioning in Japan and the United States. The next section examines various aspects of the economics of firms and industry. Ryuzo Sato has been very involved in analyzing the economic and business relations between Japan and the United States, and the last section is devoted to comparative analysis of economic systems.

Download or read book Dynamics of Markets written by Joseph L. McCauley and published by Cambridge University Press. This book was released on 2009-09-03 with total page 287 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second edition presents the advances made in finance market analysis since 2005. The book provides a careful introduction to stochastic methods along with approximate ensembles for a single, historic time series. The new edition explains the history leading up to the biggest economic disaster of the 21st century. Empirical evidence for finance market instability under deregulation is given, together with a history of the explosion of the US Dollar worldwide. A model shows how bounds set by a central bank stabilized FX in the gold standard era, illustrating the effect of regulations. The book presents economic and finance theory thoroughly and critically, including rational expectations, cointegration and arch/garch methods, and replaces several of those misconceptions by empirically based ideas. This book will be of interest to finance theorists, traders, economists, physicists and engineers, and leads the reader to the frontier of research in time series analysis.

Download or read book Complex Economic Dynamics written by Richard H. Day and published by . This book was released on 2000-02 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: V. 1. An introduction to dynamical systems and market mechanisms -- v. 2. An introduction to macroeconomics dynamics.

Download or read book Economic Dynamics and General Equilibrium written by Anders Borglin and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: The developments of economic theory in the 1950s served to pinpoint important underlying assumptions in the study of market institutions. The conflict between observed institutions and the benchmark interpretation became apparent. This led to the introduction of new equilibrium concepts. The emphasis was on the possibilities to transfer purchasing power over time using spot markets involving assets or money. This advanced textbook focuses on the developments in the theory of incomplete markets and overlapping generations economies where income transfers over time are restricted either by available assets or by the unfeasibility of contracts with unborn generations. It bridges the gap between standard textbooks on microeconomics and more advanced expositions. Contains diagrams, examples and exercises.

Download or read book Economic Dynamics second edition written by John Stachurski and published by MIT Press. This book was released on 2022-08-16 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of a rigorous and example-driven introduction to topics in economic dynamics that emphasizes techniques for modeling dynamic systems. This text provides an introduction to the modern theory of economic dynamics, with emphasis on mathematical and computational techniques for modeling dynamic systems. Written to be both rigorous and engaging, the book shows how sound understanding of the underlying theory leads to effective algorithms for solving real-world problems. The material makes extensive use of programming examples to illustrate ideas, bringing to life the abstract concepts in the text. Key topics include algorithms and scientific computing, simulation, Markov models, and dynamic programming. Part I introduces fundamentals and part II covers more advanced material. This second edition has been thoroughly updated, drawing on recent research in the field. New for the second edition: “Programming-language agnostic” presentation using pseudocode. New chapter 1 covering conceptual issues concerning Markov chains such as ergodicity and stability. New focus in chapter 2 on algorithms and techniques for program design and high-performance computing. New focus on household problems rather than optimal growth in material on dynamic programming. Solutions to many exercises, code, and other resources available on a supplementary website.

Download or read book Dynamics of the Mixed Economy written by Sanford Ikeda and published by Routledge. This book was released on 2002-09-11 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Dynamics of the Mixed Economy applies the insights of modern Austrian political economy to examine economic policy in mixed economies. It compares and contrasts standard approaches to the growth of the state (including public choice) with that of modern Austrian political economy; examines in detail the nature and operation of the interventionist process in the context of nationalization, regulation and the welfare state; analyzes conditions that produce instability under laissez-faire capitalism; argues that the interventionist process is a 'spontaneous order'; and offers several 'pattern predictions' regarding the character and behaviour of really existing economies.

Download or read book Complex Economic Dynamics An introduction to macroeconomic dynamics written by Richard Hollis Day and published by MIT Press. This book was released on 1994 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The two volumes of Complex Economic Dynamics show that, far from being a passing trend in economic research, complex dynamics belongs at the heart of the subject. Although they can be read independently, the volumes follow a logical sequence. Volume 1 contained nontechnical introductions to the basics of economic change and to the mathematical and theoretical tools used to describe them. Volume 2, which is concerned with macroeconomic dynamics, looks at the economy as a whole. Topics include business cycles, economic growth, economic development, and dynamical economic science and policy. The book concludes with the author's reflections on the implications of complex dynamics for economic theory, quantitative research, and government policy."--Pub. desc.

Download or read book The Growth Spiral written by Hans Christoph Binswanger and published by Springer Science & Business Media. This book was released on 2012-12-14 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a new theory of the modern economy. Conventional economic theory is (still) based on an essentially static notion of equilibrium. In contrast, this book offers an analysis of the economic process based on a truly dynamic approach. It understands modern economic activity as manifesting itself in a growth spiral. There are two main drivers of the dynamics of this spiral: steady money creation in the banking system, on the one hand; and the continuous inflow of energy and raw materials through the exploitation of natural resources, on the other. Both driving forces are generally neglected by the conventional theory. Understanding their role is absolutely essential for preventing our economy from being more and more exposed to financial and ecological crises. This book offers important insights about the functioning of the modern economy and addresses the specialist as well as the interested lay reader.

Download or read book Nonlinear Dynamics and Economics written by William A. Barnett and published by Cambridge University Press. This book was released on 1996-10-28 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 1997 book presents developments in nonlinear economic dynamics along with related research from other fields, including mathematics, statistics, biology, and physics.

Download or read book Market Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-04-07 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Market Economics In the field of economics, a market is a collection of different systems, institutions, procedures, social interactions, or infrastructures that allow for the exchange of goods and services between different parties. While it is possible for parties to trade goods and services through the use of barter, the majority of markets are made up of sellers who provide their goods or services to purchasers in exchange for monetary compensation. When it comes to the establishment of pricing for products and services, one may say that a market is the process by which these prices are done. It is possible to distribute and distribute resources within a society through the use of markets, which also encourage commerce. Any thing that can be traded can be appraised and valued through the use of markets. It is possible for a market to evolve more or less organically, or it may be established purposely by human activity in order to facilitate the exchange of rights to products and services. Gift economies are typically replaced by markets, which are frequently maintained by the implementation of rules and customs. These rules and customs may include a booth fee, competitive pricing, and a source of items for sale. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Market (economics) Chapter 2: Capitalism Chapter 3: Microeconomics Chapter 4: Neoclassical economics Chapter 5: Perfect competition Chapter 6: Supply and demand Chapter 7: Financial market Chapter 8: Market system Chapter 9: Price Chapter 10: Commodity fetishism Chapter 11: Subjective theory of value Chapter 12: Say's law Chapter 13: Exchange value Chapter 14: Price mechanism Chapter 15: Law of value Chapter 16: Value (economics) Chapter 17: Competition (economics) Chapter 18: Commodity (Marxism) Chapter 19: Commodity market Chapter 20: History of microeconomics Chapter 21: Bond Market (II) Answering the public top questions about market economics. (III) Real world examples for the usage of market economics in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Market Economics.

Download or read book Economics written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-08-07 with total page 354 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explore the intricate world of Economics through the lens of Political Science with "Economics," a vital addition to understanding global markets, governance, and societal well-being. This comprehensive volume covers economic theories and policies, offering insights into their impact on our interconnected world. Chapters Highlights: - 1: Economics - Discover the foundational principles of Economics, highlighting its crucial role in shaping political landscapes and policy decisions. - 2: Microeconomics - Learn how individual economic agents and markets function, influencing everyday choices and market interactions. - 3: Macroeconomics - Understand national and global economic phenomena, from GDP fluctuations to inflation. - 4: Kenneth Arrow - Examine Nobel laureate Kenneth Arrow's contributions to economic theory and policy debates. - 5: Monetary base - Grasp the role of the monetary base in monetary policy and economic stability. - 6: Neutrality of money - Explore money neutrality and its implications for long-term economic equilibrium. - 7: John Eatwell - Gain insights from John Eatwell's work in economic theory, policy analysis, and institutional economics. - 8: Liquidity preference - Investigate how liquidity preferences affect interest rates and financial decision-making. - 9: Richard Kahn - Delve into Richard Kahn's contributions to aggregate demand and the multiplier effect. - 10: Neoclassical synthesis - Understand the integration of classical and Keynesian economics in the 20th century. - 11: John Eatwell, Baron Eatwell - Further explore John Eatwell's impact on economic policy and institutional economics. - 12: Richard Kahn, Baron Kahn - Examine Richard Kahn's insights into income distribution and economic growth. - 13: The New Palgrave Dictionary of Economics - Navigate economic concepts and theories with this extensive knowledge repository. - 14: Lawrence E. Blume - Learn from Lawrence E. Blume's contributions to economic theory and methodology. - 15: Involuntary unemployment - Analyze causes and consequences of involuntary unemployment and policy interventions. - 16: Peter Kenneth Newman - Gain perspectives on economic development, globalization, and sustainable growth. - 17: Scarcity - Understand the economic problem of scarcity and its implications for resource allocation and social welfare. - 18: Demographic economics - Examine how population trends shape economic outcomes and policy challenges. - 19: History of macroeconomic thought - Trace the evolution of macroeconomic ideas from classical economics to modern paradigms. - 20: Murray Milgate - Engage with Murray Milgate's scholarly contributions to economic theory and policy. - 21: Ross Starr - Explore Ross Starr's insights into economic growth, financial markets, and institutional roles. "Economics" is essential for professionals, students, and enthusiasts seeking a deep understanding of economic principles and their real-world applications. This book addresses pressing economic questions and equips readers to navigate complex economic landscapes with clarity and confidence.

Download or read book Reflexivity and Economics written by John Davis and published by Routledge. This book was released on 2018-04-19 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: The form of ‘reflexivity’ – defined by the dictionary as that which is ‘directed back upon itself’ – that is most relevant to economic methodology is that where observation of the economy leads to ideas that change behavior, which in turn changes (is directed back upon) the economy itself. As George Soros explains: "if investors believe that markets are efficient then that belief will change the way they invest, and that in turn will change the nature of the markets they are observing ... That is the principle of reflexivity". Although various versions of reflexivity have long been discussed, in recent years George Soros has been particularly effective in bringing ideas about reflexivity to the attention of the economic and financial communities. In a series of writings he has systematically argued that reflexivity is not only an important aspect of economic life, it is an aspect that is neglected in most mainstream theorizing; and in addition, that the neglect of reflexivity has been responsible for the failure of economists to predict, explain, or offer a solution for events such as the recent financial crisis. Soros’ ideas about reflexivity have important methodological significance, and his chapter in this book summarizes and clarifies his arguments. His contribution is joined by those of thirteen scholars from a wide range of relevant fields, who provide a commentary on the idea of reflexivity in economics. This book was originally published as a special issue of The Journal of Economic Methodology.

Download or read book How Markets Work written by Robert E. Prasch and published by Edward Elgar Publishing. This book was released on 2008-01-01 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: How Markets Work presents a new and refreshing introduction to elementary economics. The venerable theory of supply and demand is reconstituted upon plausible and defensible assumptions concerning human nature, the law, and the facts of everyday life in short the Real World . The message is that markets differ in ways that matter. Starting with a brief survey of property and contract law, the lectures develop several ideal types of markets such as credit, assets, and labor while illuminating the similarities and differences among them. Care has been taken to ensure that the reformulations presented are accessible to students and compatible with a variety of non-mainstream traditions in economic thought. Topics covered include the theory of markets, labor markets, market processes when influenced by the availability of information, and social, ethical and political considerations. Also discussed are commodity, credit and asset markets, contracts, dynamics of labor markets, and the economics of discrimination. This book is intended as an essential supplemental text for undergraduate economics students, particularly in heterodox programs, as well as for those in companion liberal arts and sociology fields looking for an accessible introduction to essential economic theory.

Download or read book Asset Prices Booms and Recessions written by Willi Semmler and published by Springer Science & Business Media. This book was released on 2011-06-15 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial market melt-down of the years 2007-2009 has posed great challenges for studies on financial economics. This financial economics text focuses on the dynamic interaction of financial markets and economic activity. The financial market to be studied here encompasses the money and bond market, credit market, stock market and foreign exchange market; economic activity includes the actions and interactions of firms, banks, households, governments and countries. The book shows how economic activity affects asset prices and the financial market, and how asset prices and financial market volatility and crises impact economic activity. The book offers extensive coverage of new and advanced topics in financial economics such as the term structure of interest rates, credit derivatives and credit risk, domestic and international portfolio theory, multi-agent and evolutionary approaches, capital asset pricing beyond consumption-based models, and dynamic portfolio decisions. Moreover a completely new section of the book is dedicated to the recent financial market meltdown of the years 2007-2009. Emphasis is placed on empirical evidence relating to episodes of financial instability and financial crises in the U.S. and in Latin American, Asian and Euro-area countries. Overall, the book explains what researchers and practitioners in the financial sector need to know about the financial-real interaction, and what practitioners and policy makers need to know about the financial market.

Download or read book Financial Markets and the Macroeconomy written by Carl Chiarella and published by Routledge. This book was released on 2009-06-02 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt: The financial instability and its spillover to the real sector have become a great challenge to macro-economic theory. The book takes a Keynesian theoretical perspective, representing an attempt to revive what Keynes stressed in his General Theory, namely the role of the financial market in macroeconomic outcomes. Although this book is inspired and motivated by the Asian currency and financial crises in the years 1997-8 and the experiences of the currently evolving U.S. financial disruptions, it also focuses on reviving a modeling tradition that provides a theoretical framework that throws light on recent financial market episodes and disturbances and their macroeconomic effects. It brings to the forefront, as Keynes has suggested, the role of financial market stability for growth and macroeconomics. It criticizes theories that see economic disruptions and shocks rooted solely in the real side of the economy. It stresses the financial real interaction as the major source for macroeconomic instability and disruptions. This important new book from a group of Keynesian, but nonetheless technically oriented economists would be of most interest to specialists and graduate students in macroeconomics and financial economics, especially those with an interest in US and European financial markets, emerging market analysis, and dynamic economic modeling.

Download or read book An Introduction to the Economic Theory of Market Behavior written by Donald W. Katzner and published by Edward Elgar Publishing. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book provides substantial discussion of the model's methodological background; returns to scale; the transformation surface and the fixed-factor-supply economy; existence, uniqueness, and stability of equilibria; the dynamics of market adjustments; methodological individualism and the theory of price determination; imperfectly competitive markets; welfare economics; and the role of money capital in the operation of the firm. The author suggests that the abandonment of general equilibrium theory by microeconomists is a mistake, and that it is too soon to give up on the possibility of constructing an adequate analysis of uniqueness, global stability, and price determination.

Download or read book The Economics of Vertically Differentiated Markets written by Luca Lambertini and published by Edward Elgar Publishing. This book was released on 2006-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'This is a high-quality book on an important and central topic in the theory of industrial organisation. It is a cohesive and extremely well written volume which is destined to become a standard work on the subject.' - Mark Casson, University of Reading, UK This original new book offers a comprehensive and engaging perspective on the theory of vertical differentiation. It enables the reader to grasp the key concepts and effects that product quality has both on firms' behaviour and market structure, and the ways in which this relationship has evolved. With contributions from prominent figures in the field, the book investigates a number of important topics, such as the choice of the optimal product range, profit sharing, the existence of equilibrium in duopoly games, positional effects attached to status goods, international trade, collusion, advertising and the dynamics of capital accumulation for quality improvement and product innovation. Using both static and dynamic approaches, these aspects are assessed in relation to the manifold issues of regulation, competition policy and trade policy. Product differentiation and its influence on consumer behaviour and the performance of firms is a core topic in the existing literature in the fields of industrial organization, international trade and economic growth. This book will be an essential read for researchers, students and professional scholars working in these areas, especially those with an interest in antitrust regulation.