Wei-Bin Zhang – författare

This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis.

The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline.

This book presents selected papers of the Euro-Asian Symposium on Economic Theory, held by the Institute of Economics of the Ural Branch of the Russian Academy of Sciences (Ekaterinburg, Russia) on June 29-30, 2022. The conference aims to promote research and develop effective solutions to urgent challenges in economic theory in the context of stability and uncertainty.

The main theme of the 2022 Conference is the "Viability of Economic Theories". The chaos of the modern world forces us to rethink many theoretical positions. Researchers are trying to overcome the contradictions between theory and empiricism through new models, mechanisms and approaches. The challenges of recent social change have led to an adjustment in the perception, interpretation, and use of many concepts, necessitating an updating of these terms. The problems and contradictions identified in the studies will help to reconcile theoretical approaches with practice.

The volume covers topics suchas sustainable development issues, economic shocks in the history of economic thought, modern economic concepts of identity, theory of organizations under uncertainty, review of economic theories with the "Corona crisis," models of consumer behavior, business cycles, theory of investment, issues of economic growth and market equilibrium, impact of social factors on the sustainability of the economy, etc. Moveover, the volume presents new solutions for the synthesis of mainstream and political economy ideas. These topics will be of great interest to academics, researchers and practitioners.

This book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment.

From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China''s modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations.

Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.