IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-56204-5_1.html
   My bibliography  Save this book chapter

The Time for a Grand Economic Theory

In: The General Economic Theory

Author

Listed:
  • Wei-Bin Zhang

    (Ritsumeikan Asia Pacific University)

Abstract

This chapter shows that it is the time to integrate well-developed economic theories and to build a grand economic theory. Analytical economics has experienced a revolutionary change in the last few decades. This revolution is caused, in association with fast development of computer, by nonlinear science, which is composed of many branches, such as synergetics, theory of complexity, theory of self-organization, and chaos theory. The revolution enables economists to analytically treat an economy as an organic whole, rather than collections of separate and unconnected parts as in traditional analytical economics. Having been influenced by different branches of nonlinear science, I have started to apply nonlinear science to economics about 35 years ago and built a theory in analytical economics, named synergetic economics. The name came from synergetics created by Hermann Haken. Syngenetic Economics is a further development of Samuelson’s magnum opus Foundation of Economic Analysis. Synergetic economics provides analytical foundation for building a general economic theory in which main economic theories are treated as special cases. This chapter also discusses some traditional economic theories.

Suggested Citation

  • Wei-Bin Zhang, 2020. "The Time for a Grand Economic Theory," Springer Books, in: The General Economic Theory, chapter 0, pages 1-17, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-56204-5_1
    DOI: 10.1007/978-3-030-56204-5_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-56204-5_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.