Overview
- Builds a new paradigm of Complexity Economics
- Constructs a model of the interaction between trading agents in the trading network environment—the trading equation
- Reconstructs a rich evolution equation of the trading system
Part of the book series: Contributions to Economics (CE)
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Table of contents (26 chapters)
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Front Matter
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Fundamentals of Trading Economics
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Front Matter
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Birth and Structural Evolution of Trading Network
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Front Matter
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Mechanism of Interaction Among Trading Agents and Polarization of Trading Potential
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Front Matter
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Keywords
About this book
This book reconstructs the theoretical framework of economics by examining the concept of trading, the trading network, and the evolution of a trading system, tied together by the notion of “bounded rationality.” Trading economics uproots the theoretical paradigm of mainstream economics and enables timeworn economic thinking to deal with the various complex phenomena of the modern economy.
Mainstream economic theories see growth as the combined result of family and enterprise activities. Based on this understanding, established economic policies all focus on how to effectively influence the behavior of trading agents. Trading economics, by contrast, believes economic growth is the product of the activities of a self-organizing network of families and enterprises, rather than a simple superposition of the behaviors of trading agents. In policy design, trading economics looks to maintain the structural integrity of the trading network and the stability of the trading cycle.
Authors and Affiliations
About the author
Zhenying Wang is a research fellow at the People's Bank of China. He received his Ph.D. from Renmin University of China in 1994. According to his long working experience in the central bank, he creatively proposed a new theory of Complexity Economics, and his monograph Principles of Trading Economics was published in 2016. The book "Principles of Trading Economics" has received widespread attention from the academic circles.
Bibliographic Information
Book Title: Trading Economics
Book Subtitle: New Theory for Trading System Evolution
Authors: Zhenying Wang
Series Title: Contributions to Economics
DOI: https://doi.org/10.1007/978-981-99-9875-3
Publisher: Springer Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2024
Hardcover ISBN: 978-981-99-9874-6Published: 04 May 2024
Softcover ISBN: 978-981-99-9877-7Due: 07 June 2024
eBook ISBN: 978-981-99-9875-3Published: 03 May 2024
Series ISSN: 1431-1933
Series E-ISSN: 2197-7178
Edition Number: 1
Number of Pages: XXXI, 594
Number of Illustrations: 70 b/w illustrations, 20 illustrations in colour
Topics: Macroeconomics/Monetary Economics//Financial Economics