Overview
When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are ""dangerous for good or evil."" In recent years evil seems to have had the upper hand. ""Nonlinear Dynamics of Financial Crises"" points to their ability to do good.
Full Product Details
Author: Ionut Purica (National Institute for Economic Forecasting, Romanian Academy, Bucharest, Romania)
Publisher: Elsevier Science Publishing Co Inc
Imprint: Academic Press Inc
Dimensions:
Width: 15.20cm
, Height: 0.80cm
, Length: 22.90cm
Weight: 0.180kg
ISBN: 9780128032756
ISBN 10: 0128032758
Pages: 124
Publication Date: 09 April 2015
Audience:
Professional and scholarly
,
Professional & Vocational
Format: Paperback
Publisher's Status: Active
Availability: Manufactured on demand
We will order this item for you from a manufactured on demand supplier.
Reviews
"""Ionut Purica explores the perplexing problem of financial crises dynamics from a non-traditional economics approach. The progressive methodology and applications make the book ideal for students, researchers, and market practitioners."" --Fotis Papailias, Queen's University Management School, Belfast ""Dr. Purica provides a unique perspective on the life-cycle of financial crises. By equating financial instruments to 'memes' he provides new insight into the evolutionary dynamics of financial innovation. His illustration using CDO’s and the recent financial crisis is one specific application of this approach that I think many will find interesting."" --Michael B. Imerman, Lehigh University"
Ionut Purica explores the perplexing problem of financial crises dynamics from a non-traditional economics approach. The progressive methodology and applications make the book ideal for students, researchers, and market practitioners. --Fotis Papailias, Queen's University Management School, Belfast
Ionut Purica explores the perplexing problem of financial crises dynamics from a non-traditional economics approach. The progressive methodology and applications make the book ideal for students, researchers, and market practitioners. --Fotis Papailias, Queen's University Management School, Belfast Dr. Purica provides a unique perspective on the life-cycle of financial crises. By equating financial instruments to 'memes' he provides new insight into the evolutionary dynamics of financial innovation. His illustration using CDO's and the recent financial crisis is one specific application of this approach that I think many will find interesting. --Michael B. Imerman, Lehigh University
Author Information
Prof.Ionut Purica is a corresponding member of the Academy of Romanian Scientists (AOSR), and a senior researcher in econophysics. He had worked in the World Bank, ENEA Rome and ICTP Trieste, Italy and RENEL Romania developing nonlinear models for energy systems development and economic decisions. He holds two PhDs: one in energy systems and the other in economics.
