symmetry breaking

Kiminori Matsuyama
From The New Palgrave Dictionary of Economics, Second Edition, 2008
Edited by Steven N. Durlauf and Lawrence E. Blume
Back to top

Abstract

Symmetry breaking creates asymmetric outcomes in the symmetric environment. It is the key concept for understanding self-organized pattern formations in natural sciences as well as in economics. We explain the logic of symmetry breaking and some methodological issues, and discuss applications to urban and regional economics, international economics, growth and development, economic fluctuations, and occupational choice.
Back to top

Keywords

Back to top

Article

Back to top

How to cite this article

Matsuyama, Kiminori. "symmetry breaking." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 19 December 2014 <http://www.dictionaryofeconomics.com/article?id=pde2008_S000465> doi:10.1057/9780230226203.1662

Download Citation:

as RIS | as text | as CSV | as BibTex