Economic Dynamics with Memory: Fractional Calculus Approach

This book presents the applications of fractional calculus, fractional operators of non-integer orders and fractional differential equations in describing economic dynamics with long memory. Generalizations of basic economic concepts, notions and methods for the economic processes with memory are suggested. New micro and macroeconomic models with continuous time are proposed to describe the fractional economic dynamics with long memory as well.

Presents the applications of modern fractional calculus in the dynamics of economic processes with long memory
Discusses new micro and macroeconomic models with continuous time
Multi-disciplinary topics suited for wide readership