Abstract
Underlying concepts include interference, diffraction, intrinsic and forced oscillation and resonance. For economics, wave interference is commandingly important — especially wave cancellation. Physical and economic processes are quite comparable from a wave mechanical standpoint. Steady-state response, along with transients, are a good example: see Feynman et al. (1963, I, pp. 21–6 and Chapter 24).
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© 1991 M. L. Burstein
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Burstein, M.L. (1991). Preliminaries: Physical and Monetary (?) Foundations of Cyclical Action. In: The New Art of Central Banking. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11626-3_6
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DOI: https://doi.org/10.1007/978-1-349-11626-3_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11628-7
Online ISBN: 978-1-349-11626-3
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