The macroeconomic implications of asset price flucuations have received increasing attention in academic and policy circles recently, in large part due to the recent boom-bust bubbles in the equity and now housing markets. This book aims to investigate the role of asset prices for various aspects of the macroeconomy.
This key text on system dynamics shows by example how structure determines behavior. This book is ideal not just for managers but for anyone interested in the dynamics of urban, ecological, and other systems. It covers feedback dynamics, models and simulation, equations and computation, flow diagrams, information links, integration, and more. Reprinted in 1990.
"Stimulating, provocative, often infuriating, but well worth reading."—Peter Newman, Economica "His critical blast blows like a north wind against the more pretentious erections of modern economics. It is however a healthy and invigorating blast, without malice and with a sincere regard for scientific objectivity."—K.E. Boulding, Political Science Quarterly "Certainly one of the most engrossing volumes that has appeared recently in economic...