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Economic Dynamics (Hardcover, 4th ed. 2010)
Loot Price: R6,183
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Economic Dynamics (Hardcover, 4th ed. 2010)
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This is the fourth edition of a book that, after circulating in the
form of l- ture notes at the universities of Rome (now La Sapienza
University of Rome) and Siena in the late 1960s, was originally
published in 1971 under the titleMat-
maticalMethodsandModelsinEconomicDynamics. Inthosefortyoddyearstwo
main developments have occurred in economic dynamics. The ?rst is
the much greater amount of advanced mathematics that is being used
today with respect to the past. The second is the increasing
importance of non-linear modelling as
contrastedwiththelinearapproach(which, however,
hasnotgoneoutoffashion). This fourth edition re?ects both
developments. It contains additional advanced mathematical tools,
and a larger amount of non-linear mathematics and appli- tions.
These developments are re?ected especially in Part III, that now
accounts forwellover50%ofthebook.
ItgoeswithoutsayingthatIhavemadeeverye?ort
topreservetheuser-friendlyfeatureofthepreviouseditions:
thespiritofthebook hasremainedthesame, namelytogiveacomprehensive,
butsimple, treatmentof the mathematical methods commonly used in
dynamical economics, and to show how they are applied to build and
analyse economic models. Accordingly, the focus is on methods, and
every mathematical technique - troduced is followed by its
application to selected economic models that serve as examples.
Theunifyingprincipleintheexpositionofthedi?erenteconomicm- els is
then seen to be the common mathematical technique. This process
will enable the readers not only to understand the basic
literature, but also to build and analyse their own model
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