Nationality American Role Economist Influenced by David Gale | Contributions Brock–Mirman model Fields Mathematical Economics Name William Brock | |
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Born October 23, 1941 (age 83) ( 1941-10-23 ) Alma mater University of California, BerkeleyUniversity of Missouri Awards Guggenheim Fellowship for Social Sciences, US & Canada Books Nonlinear dynamics - chaos - an, Differential Equations - Stability, Growth Theory - Nonlinear, The economics of small b |
William Allen "Buz" Brock (born October 23, 1941) is a mathematical economist and a professor at the University of Wisconsin–Madison since 1975. He is known for his application of a branch of mathematics known as chaos theory to economic theory and econometrics. In 1998, he was elected to the National Academy of Sciences in the Economics Section.
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In a 1972 paper, co-authored with Leonard Mirman, Brock provided the first stochastic version of the neoclassical growth model, thereby paving the way for later developments such as real business cycle theory and DSGE models.
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