Cinco ensayos sobre complejidad en economía

Abstract

As the classic traditional economic theory, seems unable to explain satisfactorily certain behaviors of the economic systems, the concept of complexity in economy arises, including fields as non-linearity and chaotic dynamics, as tools that help to explain the essence of the anomalous economic facts. This research examines the major economic phenomena, from the perspective of the theory of chaos and dynamical systems. For this purpose a total of five economic process of particular relevance in the evolution of the economy are analyzed by means of studying their corresponding time series, in order to obtain detailed information about the process that has generated them. Although no clear evidence of a chaotic behavior has been found, the results indicate a strong evidence of nonlinearity in most of the processes.