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Turbulence in Economics: An Evolutionary Appraisal of Cycles and Complexity in Historical Processes

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Turbulence in Economics presents the economy as an evolutionary process, economics as a realistic science and reintroduces history as fundamental to understanding economic processes. It examines cycles and fluctuations in economic history from the point of view of turbulence in the physical sciences, (specifically hydrodynamics), and argues that an evolutionary approach is required for a better understanding of historical economic processes. Economic time is marked by a succession of long periods of economic expansion and ...

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Turbulence in Economics: An Evolutionary Appraisal of Cycles and Complexity in Historical Processes 1997, Edward Elgar Publishing, Cheltenham

ISBN-13: 9781858985633

Hardcover