Journal Article

Chaos: Significance, Mechanism, and Economic Applications

  • Baumol W
  • Benhabib J
Journal of Economic Perspectives (1989) 3(1) 77-105
DOI: 10.1257/jep.3.1.77
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Abstract

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.

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Baumol, W. J., & Benhabib, J. (1989). Chaos: Significance, Mechanism, and Economic Applications. Journal of Economic Perspectives, 3(1), 77–105. https://doi.org/10.1257/jep.3.1.77

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