The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Symmetry Breaking

  • Kiminori Matsuyama
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_2326

Abstract

Symmetry breaking creates asymmetric outcomes in the symmetric environment. It is the key concept for understanding self-organized pattern formations in natural sciences as well as in economics. We explain the logic of symmetry breaking and some methodological issues, and discuss applications to urban and regional economics, international economics, growth and development, economic fluctuations, and occupational choice.

Keywords

Agglomeration forces Comparative advantage Fashion cycles Inequality between nations Investment distortions Racial segregation Regional economics Resource constraint forces Social inequality Spatial symmetry Symmetry breaking Temporal symmetry Total factor productivity Urban economics Urban segregation 

JEL Classifications

R0 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Kiminori Matsuyama
    • 1
  1. 1.