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Economy and Complex Systems

  • Michael Schulz
Chapter
Part of the Springer Tracts in Modern Physics book series (STMP, volume 184)

Abstract

The aim of this book is to develop concepts and methods that allow us to deal with economic systems from a unifying physically motivated point of view. An economy is usually classified as a manifestation of complex social systems. To clarify this statement, we have to discuss what we mean by complex systems. Unfortunately, an exact definition of complex systems is still an open problem. In a heuristic manner, we may describe them as:

Complex systems are composed of many particles, or objects, or elements that may be of the same or different kinds. The elements may interact in a more or less complicated fashion by more or less nonlinear couplings.

Keywords

Phase Space Lyapunov Exponent Economic System Liouville Equation Relevant Quantity 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag New York, Inc. 2003

Authors and Affiliations

  • Michael Schulz
    • 1
  1. 1.Abteilung Theoretische PhysikUniversität UlmUlmGermany

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