1989/02/01 by William J. Baumöl, Jess Benhabib · 3 citations
Economics, Econometrics and Finance · Mathematics · #Complex Systems and Time Series Analysis #Mathematical Dynamics and Fractals #Economic theories and models
paper · pdf · doi:10.1257/jep.3.1.77
openalex publication_date 1989/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/06/11
Chaos has become a subject of great interest to specialists and nonspecialists alike. Besides economics, it has entered the literature of geometry, physics, ecology and meteorology. This article seeks to describe what it is, how it works, and what it means for economics.