Bøger af Wei-Bin Zhang

Synergetic Economics presents a new advance in analytical economics. It deals with problems related to time and change in economic systems, including complex aspects, such as the effects of nonlinearity, instability, bifurcation and chaos in economic evolution. The author argues that economic systems may run through a hierarchy of instabilities in which more and more structural patterns evolve. Such instabilities are caused by changes in the external parameters of the system. They may lead to new spatial-temporal patterns of the system. A number of explicit examples are provided to show how such behavior can occur in various dynamic economic systems. Analytical methods are also presented to cope with nonlinear problems. Of particular interest are sudden (structural) changes, the existence of regular and irregular oscillations, the role of random factors in economic evolution, and the effects of time scales and rates of adjustment of economic variables in economic analysis. The author carefully examines the implications of nonlinear phenomena for decision making, and for economic development in general.

This book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment.From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China's modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations.Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.

Trust and justice are challenging humanity in scales and scopes unprecedentedly in the middle of globalization. Mankind is located at structural turning points and there are pressing needs to study justice and trust which glue mankind together. Trust and Justice: Complexity of Man, Complexity of Society, and Complexity Theory considers man as an organic complexity and society as an interactive complexity. Applying complexity theory, it discusses the implications and limitations of theories of justice. Wei-Bin Zhang analyses the dynamics of trust in modern societies. Nonlinear dynamic interactions between trust and deception and honesty and manipulations are emphasized. The author points out that some trustful relationships are not right if they are considered with broad perspectives. Modern rational civilization is bolstered by its ideology, an ideology that provides a structure for the creation, distribution, and consumption of wealth, power, and sex (and its associated products such as family and children). Zhang provides some insights into relationships between ideologies, trust, and justice. An interdisciplinary approach is applied to reveal the complexity of trust and justice.

What do economic chaos and uncertainties mean in rational or irrational economic theories? How do simple deterministic interactions among a few variables lead to unpredictable complex phenomena? Why is complexity of economies causing so many conflicts and confusions worldwide?This book provides a comprehensive introduction to recent developments of complexity theory in economics. It presents different models based on well-accepted economic mechanisms such as the Solow model, Ramsey model, and Lucas model. It is focused on presenting complex behaviors, such as business cycles, aperiodic motion, bifurcations, catastrophes, chaos, and hidden attractors, in basic economic models with nonlinear behavior. It shows how complex nonlinear phenomena are identified from various economic mechanisms and theories. These models demonstrate that the traditional or dominant economic views on evolution of, for instance, capitalism market, free competition, or Keynesian economics, are not generally valid. Markets are unpredictable and nobody knows with certainty the consequences of policies or other external factors in economic systems with simple interactions.

This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. By 2018, China was the world's second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades.

This book aims to make a theoretical integration of well-established growth theories. It presents essential features of modem economic growth, which may be described as dynamic interdependence among capital, knowledge, population, economic structure, and exchange values.

This book develops a new theoretical framework to examine the issues of economic growth and development

Why has Japanese industrialisation been so much faster than that of China? The book challenges a common assumption that Chinese Confucianism does not encourage modernisation, while Japanese Confucianism propelled industrialisation forward.

Of particular interest are sudden (structural) changes, the existence of regular and irregular oscillations, the role of random factors in economic evolution, and the effects of time scales and rates of adjustment of economic variables in economic analysis.

The theory of economic development is a branch of economic dynamics. Similarly, rather than dealing with the psychological and institutional aspects of in economic development processes we only suggest ways (or methods, as Hicks would call them) for analyzing what determines economic development from the point of view of "pure" economics.

Over more than two centuries the development of economic theory has created a wide array of different theories, concepts and results. We have a collection of separate theories such as the Marxian economics, the Keynesian economics, the general equilibrium theory, and the neoclassical growth theory.

The development of international trade theory has created a wide array of different theories, concepts and results.

Part of a study on Confucianism and its implications, this book describes the history of New China as a dynamic process from the pole of central planning, and, anti-Americanism and anti-Confucianism towards market economy.

My recent books, Capital and Knowledge (Zhang, 1999) and A TheoryofInternational Trade (Zhang, 2000) show how separate economic theories such as the Marxian economics, the Keynesian economics, the general equilibrium theory, the neoclassical growth theory, and the neoclassical trade theory can be examined within a single theoretical framework.

Presents a general economic theory to analyze how different economic forces interact over time. This title proposes some combinations of various economic forces which may function at various stages of social and economic evolution. It includes the main economic ideas of Smith, Malthus, Ricardo, Marx, Mills, Walras, Marshall, Schumpeter and Keynes.

My recent book Capital and Knowledge (Zhang, 1999a) shows how separate economic theories such as the Marxian economics, the Keynesian economics, the general equilibrium theory, and the neoclassical growth theory can be examined within a single theoretical framework.