From Catastrophe to Chaos: A General Theory of Economic Discontinuities presents and unusual perspective on economics and economic analysis. Current economic theory largely depends upon assuming that the world is fundamentally continuous. However, an increasing amount of economic research has been done using approaches that allow for discontinuities such as catastrophe theory, chaos theory, synergetics, and fractal geometry. The spread of such approaches across a variety of disciplines of thought has constituted a virtual intellectual revolution in recent years. This book reviews the applications of these approaches in various subdisciplines of economics and draws upon past economic thinkers to develop an integrated view of economics as a whole from the perspective of inherent discontinuity.

"Now, however, weface an Age of Discontinuity in world economy and tech nology. We might succeed in making it an age of great economic growth as weil. But the one thing that is certain so far is that it will be a period of change-in technology and in economic policy, in industry structures and in economic theo ry, in the knowledge needed to govern and manage, and in economic issues. While we have been busy finishing the great nineteenth-century economic ed ijice, the foundations have shifted beneath our feet." Peter F. Drucker, 1968 The A~e Qf DiscQntinuity, p. 10 This project has had a lQng gestatiQn period, probably ultimately dating to a YQuthful QbsessiQn with watershed divides and bQundaries. My awareness Qf the problem Qf discQntinuity in eCQnQmics dates tQ my first enCQunter with the capi tal theQry paradQxes in the late 1960s, the fruits Qf which can be seen in Chapter 8 Qf this book. This awareness led tQ a frostratiQn Qver the apparent lack Qf a mathematics Qf discQntinuity, a lack that was in the process of rapidly being QverCQme at that time.

Contents: what disaster response management can learn from chaos theory; disaster in aisle 13 revisited; nonlinear analysis of disaster response data; disaster responder's perception of time; fractals & path dependent processes: a theoretical approach for characterizing emergency medical responses to major disasters; self-organization in disaster response: global strategies to support local action; & chaos theory & disaster response management: lessons for managing periods of extreme instability. Bibliography.

Treating the mathematical methods used in the economic dynamics, this book shows how they are utilised to build and analyse dynamical models. Accordingly, the focus is on the methods, and every new mathematical technique introduced is followed by its application to select economic models. The mathematical methods coveredc range from elementary linear difference and differential equations and simultaneous systems to the qualitative analysis of non-linear dynamical systems. Stability considerations are stressed throughout, including many advanced topics. Bifurcation and chaos theory are also dealt with. The reader is guided through a step-by-step analysis of each topic, be it a mathematical method or an economic model. The Study Edition also provides the reader with solutions to the numerous exercises.

Whether talking about steering a wheelbarrow over rugged terrain or plotting the course of international relations, human performance systems involve change. Sometimes changes are subtle or evolutionary, sometimes they are catastrophic or revolutionary, and sometimes the changes are from periods of relative calm to periods of vibrant oscillations to periods of chaos. As a general rule, more complex systems are likely to produce more complex forms of change. Although social scientists have long acknowledged that change occurs and have considered ways to effect desirable change, the dynamical processes of change have been poorly understood in the past. This volume combines recent advances in mathematics and experimental design with the best available social science theories to produce a new, integrated, and compact theory of work, organizations, and social evolution. The domains of application extend from human decision-making processes to personnel selection and work motivation, work performance under conditions of stress, accident and health risk analysis, the development of social institutions and economic systems, creativity and innovation, organizational development and group dynamics, and political revolutions and war. Relative to other literature on nonlinear dynamical systems theory (NDS), this book is unique in that it integrates new developments in NDS with substantive psychological theory. It builds on many recent developments in organizational theory to show that nonlinear dynamics were often implicit in those works all along. The result is an entirely new way of viewing social events, understanding change processes, and asking questions about social systems. This book also contains much new empirical work and explains the newly developed methods for testing these new hypotheses.