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Nonlinear Dynamics of Financial Crises

How to Predict Discontinuous Decisions

1st Edition - March 28, 2015

Author: Ionut Purica

Language: English
Paperback ISBN:
9 7 8 - 0 - 1 2 - 8 0 3 2 7 5 - 6
eBook ISBN:
9 7 8 - 0 - 1 2 - 8 0 3 2 7 6 - 3

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 wr… Read more

Nonlinear Dynamics of Financial Crises

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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.