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Economic Events and Processes

  • Jeffrey Yi-Lin ForrestEmail author
Chapter
Part of the IFSR International Series in Systems Science and Systems Engineering book series (IFSR, volume 32)

Abstract

In this chapter, we learn how the systemic yoyo model and the new figurative analysis method (Chapter  13) can be applied to the study of economics. Because humans are involved in each economic situation and their desires and beliefs alter the evolution of the outcome, leading to unpredictable, chaotic consequences (Soros in The crisis of global capitalism: open society endangered. Public Affairs, New York, 1998), this chapter shows that when each economic entity is seen as a rotating yoyo with a spin field around it, the seemingly unpredictable, chaotic consequences of human desires, beliefs, and corresponding behaviors no longer look unpredictable and chaotic.

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Copyright information

© Springer Nature Switzerland AG 2018

Authors and Affiliations

  1. 1.School of BusinessSlippery Rock University School of BusinessSlippery RockUSA

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