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Nonlinear Dynamics of Financial Crises

Author

Listed:
  • Purica, Ionut

    (National Institute for Economic Forecasting, Romanian Academy, Bucharest, Romania)

Abstract

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. Makes complex economics ideas accessible by carefully explaining technical terms and minimizing mathematics and equations Delivers easily-understood perspectives about the global economy by constructing broad assumptions and conclusions in the face of its infinitely complexity Challenges received economic ideas by focusing on human behavior and the roles it plays in easily-observable recent trends and events

Suggested Citation

  • Purica, Ionut, 2015. "Nonlinear Dynamics of Financial Crises," Elsevier Monographs, Elsevier, edition 1, number 9780128032756.
    • Handle: RePEc:eee:monogr:9780128032756
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    Citations

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    Cited by:

    1. Vyacheslav Yu. Dodonov, 2021. "Devaluation’s Impact on the Formation of Kazakhstan Government Budget: The Factor of the National Fund Investment Income," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 3, pages 116-131, June.
    2. Ionut PURICA & Liviu Lucian ALBU & Marioara IORDAN & Sorin DINU, 2020. "Models for Nonlinear Decisions Overview and Two Case Examples in Finance and Energy," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(2), pages 194-201, July.

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