Ionut Purica Livres

The book explores the application of scientific models to understand economic systems, emphasizing a synergetic approach. It covers diverse topics such as agent-based models, econophysics, and complex adaptive systems, integrating concepts from various scientific disciplines. By focusing on the process behavior of economic systems, it draws on the foundational works of Haken, Prigogine, and Taylor, as well as nuclear physics models, to develop innovative modeling techniques that address complexity in economics and finance.

When just a handful of economists predicted the 2008 financial crisis, people should wonder how so many well educated people with enormous datasets and computing power can be so wrong. In this short book Ionut Purica joins a growing number of economists who explore the failings of mainstream economics and propose solutions developed in other disciplines, such as sociology and evolutionary biology. While it might be premature to call for a revolution, Dr. Purica echoes John Maynard Keynes in believing that economic ideas are "dangerous for good or evil." In recent years evil seems to have had the upper hand. "Nonlinear Dynamics of Financial Crises" points to their ability to do good.