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In these two volumes Richard Day shows that, far from being a passing fancy in economic research, complex dynamics emerge naturally at the very heart of the subject.
Day was among the first economists to systematically explore whether a mathematical existence of complex dynamics, or chaos theory, could be established in standard models of economic theory. In this first of two volumes, he provides a non-technical introduction to basic themes of economic change, surveys the mathematical tools used in subsequent chapters and begins the formal theoretical explanation of microeconomic change in competitive markets. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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Jeremy Brown
reviewed Complex Economic Dynamics, Volume 1: An Introduction to Dynamical Systems and Market Mechanisms on October 10, 2008
Complex Economic Dynamics, Volume 1: An Introduction to Dynamical Systems and Market Mechanisms
A good reference book for PhD level time series Econometrics. For more theoretical studies Hurn's "Econometric Modeling" is suggested.
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