Abstract
In this Introduction, we illustrate the genesis of the theory of chaos as by-product of the study of nonlinear systems in physics and meteorology. Then, we introduce the notion of nonlinearities in economics and the extension of the methods and the analyses devised in hard sciences not only for understanding the dynamics but, also, for predicting and controlling them. After that, we describe the organization of this book that, in the first three parts, has the objective of providing the needed knowledge to anyone who would like to study nonlinear phenomena in economics. The fourth part, instead, shows how the aforementioned methods and analyses can be applied to economics and gives an account of current research on the topic.
Philosophy is written in this grand book, the universe, which stands continually open to our gaze. But the book cannot be understood unless one first learns to comprehend the language and read the letters in which it is composed. It is written in the language of mathematics, and its characters are triangles, circles, and other geometric figures without which it is humanly impossible to understand a single word of it; without these, one wanders about in a dark labyrinth.Galileo GalileiThe Assayer
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Orlando, G., Pisarchik, A.N., Stoop, R. (2021). Introduction. In: Orlando, G., Pisarchik, A.N., Stoop, R. (eds) Nonlinearities in Economics. Dynamic Modeling and Econometrics in Economics and Finance, vol 29. Springer, Cham. https://doi.org/10.1007/978-3-030-70982-2_1
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