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Economic system dynamics

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Author Info
McCauley, Joseph L.
Küffner, Cornelia M.

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Abstract

We provide the reader with a qualitative summary of the main ideas from econophysics and finance theory, starting with a thorough criticism of the standard ideas taught in typical economics textbooks. The emphasis is on the Galilean or physicists' approach to market synamics, as opposed to the standard nonempirical postulatory one.

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File URL: http://mpra.ub.uni-muenchen.de/2158/
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Publisher Info
Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 2158.

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Date of creation: 2004
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Handle: RePEc:pra:mprapa:2158

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Web page: http://mpra.ub.uni-muenchen.de
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Related research
Keywords: Utility equilibrium supply and demand curves business cycles market dynamics

Find related papers by JEL classification:
D5 - Microeconomics - - General Equilibrium and Disequilibrium
B4 - Schools of Economic Thought and Methodology - - Economic Methodology
A2 - General Economics and Teaching - - Economics Education and Teaching of Economics

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This page was last updated on 2008-7-25.


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