Economic system dynamics

We provide the reader with a qualitative summary of the main ideas from econophysics and finance theory, starting with a thorough criticism of the standard ideas taught in typical economics textbooks. The emphasis is on the Galilean or physicists' approach to market synamics, as opposed to the standard nonempirical postulatory one.

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Year of publication:	2004
Authors:	McCauley, Joseph L. ; Küffner, Cornelia M.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Utility \| equilibrium \| supply and demand curves \| business cycles \| market dynamics

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Extent:	application/pdf
Series:	MPRA Paper.
Type of publication:	Book / Working Paper
Classification:	D5 - General Equilibrium and Disequilibrium ; B4 - Economic Methodology ; A2 - Economics Education and Teaching of Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005835847