Trading Economics: New Theory for Trading System Evolution - Couverture rigide

Wang, Zhenying

Couverture rigide

ISBN 10 : 9819998743 ISBN 13 : 9789819998746

Editeur : Springer Verlag, Singapore, 2024

Synopsis

This book reconstructs the theoretical framework of economics by examining the concept of trading, the trading network, and the evolution of a trading system, tied together by the notion of "bounded rationality." Trading economics uproots the theoretical paradigm of mainstream economics and enables timeworn economic thinking to deal with the various complex phenomena of the modern economy.

Mainstream economic theories see growth as the combined result of family and enterprise activities. Based on this understanding, established economic policies all focus on how to effectively influence the behavior of trading agents. Trading economics, by contrast, believes economic growth is the product of the activities of a self-organizing network of families and enterprises, rather than a simple superposition of the behaviors of trading agents. In policy design, trading economics looks to maintain the structural integrity of the trading network and the stability of the trading cycle.

A propos du livre

À propos de l'auteur

Zhenying Wang is a research fellow at the People's Bank of China. He received his Ph.D. from Renmin University of China in 1994. According to his long working experience in the central bank, he creatively proposed a new theory of Complexity Economics, and his monograph Principles of Trading Economics was published in 2016. The book "Principles of Trading Economics" has received widespread attention from the academic circles.

Détails de l'édition

• Éditeur: Springer Verlag, Singapore
• Date d'édition: 2024
• Langue: anglais
• ISBN 10: 9819998743
• ISBN 13: 9789819998746
• Reliure: Relié
• Nombre de pages: 625
• Coordonnées du fabricant: Springer Nature Customer Service Center GmbH; ProductSafety@springernature.com; ; Europaplatz 3; Heidelberg; 69115; Allemagne