Chaos, Management and Economics: The Implication of Non-Linear Thinking: No. 125 (Hobart Papers) - Softcover

Parker, David; Stacey, Ralph D.

Softcover

ISBN 10: 0255363338 ISBN 13: 9780255363334

Publisher: Institute of Economic Affairs, 1994

Synopsis

First published in 1994, this title was the best selling IEA publication of the 1990s. It applies the ideas of 'chaos theory', more usually found in the natural sciences, to economic and social systems, with some profound implications for the management of business and the economy. The authors suggest that a chaotic world is more complex than can be captured by the linear equations generally used by economic modellers and the assumptions of neo-classical economics, and in some ways bears a striking resemblance to the views taken by the Austrian School. This title provides a concise and straightforward introduction to the application of Chaos Theory to the social sciences, which as its authors say, 'provides a new and exciting departure point for the study of organisations and economies'.

Edition details

• Publisher: Institute of Economic Affairs
• Publication date: 1994
• Language: English
• ISBN 10: 0255363338
• ISBN 13: 9780255363334
• Binding: Paperback
• Number of pages: 112