Chaos: Significance, Mechanism, and Economic Applications
- (pp. 77-105)
AbstractChaos 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.
CitationBaumol, William J., and Jess Benhabib. 1989. "Chaos: Significance, Mechanism, and Economic Applications." Journal of Economic Perspectives, 3 (1): 77-105. DOI: 10.1257/jep.3.1.77
- 213 Mathematical Methods and Models--General
- 131 Economic Fluctuations--Theory