The visible hand synergetic microfoundation of macroeconomic dynamics lecture notes in economics and mathematical systems softcover reprint of the original 1st ed 1991 edition. In the last decade highly innovatory developments have taken place in theoretical economics the new focus of interest seems to be twofold firstly nonlinear models for dynamic processes of the economy are constructed to extend the scope of linear models for tlle stationary euqilibrium state and. The arising new business cycle theory can on the one side be validated by empirical evidence and on the other hand the typical behavior of nonlinear dynamic systems including the transition to read more. Get this from a library the visible hand synergetic microfoundation of macroeconomic dynamics reiner b koblo with the help of the method of synergetics this study shows a consistent formal derivation of the dynamics of a macroeconomic system as the effect ofthe decision behavior of the microeconomic agents . The author has made a remarkable contribution to both foci his application of synergetic concepts to the theory of business cycles combines a partial solution of the micro macro problem namely the modelling of the macro economic effect of the decisions of investors producers and consumers with the natural introduction of nonlinearities
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