 The Time for a Grand Economic TheoryChapter Chapter 1 in The General Economic Theory, 2020, pp 1-17 from Springer Abstract: Abstract This chapter shows that it is the time to integrate well-developed economic theories and to build a grand economic theory. Analytical economics has experienced a revolutionary change in the last few decades. This revolution is caused, in association with fast development of computer, by nonlinear science, which is composed of many branches, such as synergetics, theory of complexity, theory of self-organization, and chaos theory. The revolution enables economists to analytically treat an economy as an organic whole, rather than collections of separate and unconnected parts as in traditional analytical economics. Having been influenced by different branches of nonlinear science, I have started to apply nonlinear science to economics about 35 years ago and built a theory in analytical economics, named synergetic economics. The name came from synergetics created by Hermann Haken. Syngenetic Economics is a further development of Samuelson’s magnum opus Foundation of Economic Analysis. Synergetic economics provides analytical foundation for building a general economic theory in which main economic theories are treated as special cases. This chapter also discusses some traditional economic theories. Date: 2020 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-56204-5_1 Ordering information: This item can be ordered from DOI: 10.1007/978-3-030-56204-5_1 Access Statistics for this chapter More chapters in Springer Books from Springer |
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