The effect of chaos theory on creating fundamental changes in the principles of economics

Subject Areas : Financial engineering

Zohre Mohammadi ¹ (Phd student of Tourism Management, Faculty of Management and Accounting, Allameh Tabataba'i university, tehran, iran.)
Mohsen Ghadami ² (Department of Public Management, Faculty of Management and Economics, Sciences and Research Branch, Islamic Azad University, Tehran, Iran.)

Received: 2019-02-26 Accepted : 2019-05-05 Published : 2019-12-22

Keywords: Knowledge management, Chaos theory, innovation in economics,

Abstract :

The introduction of chaos theory in various disciplines of science is in the same direction as the systemic vision was introduced in the previous years. The basis of this theory is based on the theory of holistic or system theory. Based on this theory and its principles, although complex systems have a seemingly turbulent appearance, they actually follow a non-linear and intermittent regular order and flow and they may change at any time of a single day. This theory has changed the foundation of all sciences and created innovative ways to use computers, images and charts. In this paper, we tried to study the impact of this theory on economics and, in particular, on the theory and practice of this theory in other sciences, and the importance and necessity of paying attention to the theory and the various uses of this theory in other sciences. In the documentary method, the model was presented.

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