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Economic Dynamics with Memory: Fractional Calculus Approach: 8 (Fractional Calculus in Applied Sciences and Engineering, 8) - Hardcover

Book 8 of 10: Fractional Calculus in Applied Sciences and Engineering

Tarasov, Vasily E. / Tarasova, Valentina V.

 
9783110624601: Economic Dynamics with Memory: Fractional Calculus Approach: 8 (Fractional Calculus in Applied Sciences and Engineering, 8)

Synopsis

This book presents the applications of fractional calculus, fractional operators of non-integer orders and fractional differential equations in describing economic dynamics with long memory. Generalizations of basic economic concepts, notions and methods for the economic processes with memory are suggested. New micro and macroeconomic models with continuous time are proposed to describe the fractional economic dynamics with long memory as well.

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About the Author

Vasily E. Tarasov, Valentina V. Tarasova, Lomonosov Moscow State University, Moscow, Russia

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