Chaos, Management & Economics: The Implications of Non-Linear Thinking (Hobart Papers

by David Parker, Ralph D. Stacey

Applies the ideas of 'chaos theory', usually found in the natural sciences, to economic and social systems, with some profound implications for the management of business and the economy. This title provides an introduction to the application of Chaos Theory to the social sciences.

112 pages, Paperback

First published April 1, 1994

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Reviews

[Otto Lehto · Rating 4 out of 5]

This short book (which is freely available on the IEA website!) provides a handy summary of the importance of complexity thinking for the management of private firms and public institutions. It combines Austrian insights with chaos theory and the mathematical models of out-of-equilibrium systems. I did not find the firm management stuff very interesting, but there should be something here for everyone.