William Allen "Buz" Brock (born October 23, 1941) is a mathematical economist and a professor at the

University of Wisconsin–Madison A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United Stat ...

since 1975.https://www.ssc.wisc.edu/~wbrock/CvJan2006.pdf, William A Brock CV 2006, Retrieved 04 December 2010 He is known for his application of a branch of mathematics known as chaos theory to economic theory and

econometrics Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8 ...

. In 1998, he was elected to the National Academy of Sciences in the Economics Section. In a 1972 paper, co-authored with Leonard Mirman, Brock provided the first stochastic version of the

neoclassical growth model Neoclassical or neo-classical may refer to: * Neoclassicism or New Classicism, any of a number of movements in the fine arts, literature, theatre, music, language, and architecture beginning in the 17th century ** Neoclassical architecture, an ar ...

, thereby paving the way for later developments such as

real business cycle Real business-cycle theory (RBC theory) is a class of new classical macroeconomics models in which business-cycle fluctuations are accounted for by real (in contrast to nominal) shocks. Unlike other leading theories of the business cycle, RBC t ...

theory and DSGE models.

Selected publications

Papers

*"Robust Control and Hot Spots in Dynamic Spatially Interconnected Systems".Brock/Xepapadeas August 15, 2010 paper *"The Emergence of Optimal Agglomeration in Dynamic Economics".Brock/Xepapadeas Oct. 16, 2009 paper *"A General Test for Nonlinear Granger Causality: Bivariate Model" Baek/Brock paper

Books

*"Growth Theory, Nonlinear Dynamics and Economic Modelling: Scientific Essays of William Allen Brock". 2001

References

External links

*
William Allen Brock: Distinguished Fellow 2004
(bio from American Economic Association) 1941 births Living people Members of the United States National Academy of Sciences 20th-century American economists 21st-century American economists University of California, Berkeley alumni University of Missouri alumni University of Wisconsin–Madison faculty Fellows of the Econometric Society Fellows of the American Academy of Arts and Sciences Distinguished Fellows of the American Economic Association {{US-economist-stub