Synergetic Economics

Time and Change in Nonlinear Economics

  • Wei-Bin Zhang

Part of the Springer Series in Synergetics book series (SSSYN, volume 53)

Table of contents

  1. Front Matter
    Pages I-XV
  2. Wei-Bin Zhang
    Pages 1-6
  3. Wei-Bin Zhang
    Pages 7-14
  4. Wei-Bin Zhang
    Pages 15-47
  5. Wei-Bin Zhang
    Pages 68-105
  6. Wei-Bin Zhang
    Pages 106-131
  7. Wei-Bin Zhang
    Pages 132-160
  8. Wei-Bin Zhang
    Pages 213-227
  9. Back Matter
    Pages 231-246

About this book


Synergetic Economics presents a new advance in analytical economics. It deals with problems related to time and change in economic systems, including complex aspects, such as the effects of nonlinearity, instability, bifurcation and chaos in economic evolution. The author argues that economic systems may run through a hierarchy of instabilities in which more and more structural patterns evolve. Such instabilities are caused by changes in the external parameters of the system. They may lead to new spatial-temporal patterns of the system. A number of explicit examples are provided to show how such behavior can occur in various dynamic economic systems. Analytical methods are also presented to cope with nonlinear problems. Of particular interest are sudden (structural) changes, the existence of regular and irregular oscillations, the role of random factors in economic evolution, and the effects of time scales and rates of adjustment of economic variables in economic analysis. The author carefully examines the implications of nonlinear phenomena for decision making, and for economic development in general.


Schumpeter bifurcation business cycle chaos economic dynamics economics equilibrium forecasting instability modeling nonequilibrium nonlinearity probability theory stochastic process stochastic processes

Authors and affiliations

  • Wei-Bin Zhang
    • 1
  1. 1.Institute for Futures StudiesStockholmSweden

Bibliographic information

  • DOI
  • Copyright Information Springer-Verlag Berlin Heidelberg 1991
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-75911-6
  • Online ISBN 978-3-642-75909-3
  • Series Print ISSN 0172-7389
  • About this book