Beyond Keynes...Toward Concordian Econometrics
International Journal of Applied Economics and Econometrics, Part III of the Special Issue on J.M. Keynes, Vol. 20, No. 1, Jan-March 2012, pp. 248-277
32 Pages Posted: 22 Jan 2011 Last revised: 24 May 2016
Date Written: January 21, 2011
For the creation of Concordian econometrics, this paper offers a synthetic view of some technical characteristics of Concordian economics, a new field of research that yields an advanced understanding of the complexities of the economic process, including bubbles, for three fundamental reasons: First, Concordian economics integrates into its analysis hoarding, defined as all wealth that has zero use rate. Second, Concordian economics uses the mathematics of modern science and engineering: non-linear mathematics and fractal geometry. Third, Concordian economics looks into the “black box” and studies the economic process, not as separate events, but as a systems dynamic unit.
Keywords: Keynes, Non-Linear Mathematics, Fractals, Dynamics
JEL Classification: E1, E3, E4
Suggested Citation: Suggested Citation