Chaos: Significance, Mechanism, and Economic Applications
- 1 February 1989
- journal article
- Published by American Economic Association in Journal of Economic Perspectives
- Vol. 3 (1), 77-105
- https://doi.org/10.1257/jep.3.1.77
Abstract
Chaos has become a subject of great interest to specialists and nonspecialists alike. Besides economics, it has entered the literature of geometry, physics, ecology and meteorology. This article seeks to describe what it is, how it works, and what it means for economics.Keywords
This publication has 30 references indexed in Scilit:
- On Endogenous Competitive Business CyclesEconometrica, 1985
- Characterization of experimental (noisy) strange attractorsPhysical Review A, 1984
- The Emergence of Chaos from Classical Economic GrowthThe Quarterly Journal of Economics, 1983
- Feedback from Productivity Growth to R & DThe Scandinavian Journal of Economics, 1983
- Absolutely continuous invariant measures for one-parameter families of one-dimensional mapsCommunications in Mathematical Physics, 1981
- Exotic phenomena in games and duopoly modelsJournal of Mathematical Economics, 1978
- Simple mathematical models with very complicated dynamicsNature, 1976
- Capital, Wages and Structural UnemploymentThe Economic Journal, 1969
- Pitfalls in Contracyclical Policies: Some Tools and ResultsThe Review of Economics and Statistics, 1961
- Speculation, Profitability, and StabilityThe Review of Economics and Statistics, 1957