Business Cycles and Long Waves: A Behavioral Disequilibrium Perspective (Classic Reprint) - Couverture souple

John D. Sterman

9781334424816: Business Cycles and Long Waves: A Behavioral Disequilibrium Perspective (Classic Reprint)

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ISBN 10 : 1334424810 ISBN 13 : 9781334424816

Editeur : Forgotten Books, 2018

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 1334424810
ISBN 13: 9781334424816
Reliure: Broch�
Nombre de pages: 46
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Business Cycles and Long Waves: A Behavioral Disequilibrium Perspective

John D. Sterman, Erik Mosekilde

Edit� par Forgotten Books, 2018

ISBN 10 : 1334424810 ISBN 13 : 9781334424816

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Paperback. Etat : New. Print on Demand. This book delves into the fascinating world of economic cycles, exploring the various patterns of growth and fluctuation that have characterized the global economy throughout history. The author challenges conventional economic theories, which often focus on equilibrium, and instead proposes a "behavioral disequilibrium" perspective, suggesting that human behavior and decision-making play a crucial role in shaping economic dynamics. The book examines three prominent cyclical modes: the short-term business cycle, the construction cycle, and the long wave, or Kondratieff cycle. Each cycle is analyzed through a detailed exploration of the underlying feedback processes that govern individual firms and their interactions with the broader economic system. The author argues that the intricate web of these feedback loops, including those driven by investment, production, and consumption, can lead to both stable and unstable cyclical patterns. The book further explores the concept of "nonlinear entrainment," a phenomenon where different cyclical modes with similar frequencies can synchronize and influence each other, resulting in a coherent aggregate economic behavior. The author demonstrates how this interaction can lead to the emergence of well-defined periodicities, such as the relationship between the business cycle, the construction cycle, and the long wave. This book offers a unique and compelling framework for understanding the complex and often unpredictable nature of economic cycles, providing valuable insights into the historical patterns of economic growth and the interplay of human behavior and economic systems. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. N� de r�f. du vendeur 9781334424816_0

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