Discrete Dynamics in Nature and Society

Discrete Dynamics in Nature and Society / 2004 / Article
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In memory of Ilya Prigogine

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Volume 2004 |Article ID 568760 | https://doi.org/10.1155/S102602260431201X

Joseph L. McCauley, Cornelia M. Küffner, "Economic system dynamics", Discrete Dynamics in Nature and Society, vol. 2004, Article ID 568760, 8 pages, 2004. https://doi.org/10.1155/S102602260431201X

Economic system dynamics

Received04 Dec 2003

Abstract

We provide here 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 dynamics, as opposed to the standard nonempirical postulatory one.

Copyright © 2004 Hindawi Publishing Corporation. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.


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