The Butterfly Effect

James K. Galbraith and George Purcell

A chapter in Unbearable Cost, 2006, pp 129-132 from Palgrave Macmillan

Abstract: Abstract Small actions can have large consequences. The mathematics of chaos teaches that a butterfly, flapping its wings in Brazil, can set off a chain of events leading to a hurricane at Cape Fear. They call this the ‘butterfly effect’.

Keywords: Interest Rate; National Currency; High Interest Rate; Household Debt; Close Depen (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-23672-1_37

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DOI: 10.1057/9780230236721_37

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