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Willem Buiter of the London School of Economics has argued that DSGE models rely excessively on an assumption of complete markets, and are unable to describe the highly nonlinear dynamics of economic fluctuations, making training in 'state-of-the-art' macroeconomic modeling "a privately and socially costly waste of time and resources".
Pathikrit Bhattacharya, Bikas K Chakrabarti, Kamal, and Debashis Samanta, "Fractal models of earthquake dynamics", Heinz Georg Schuster (ed), Reviews of Nonlinear Dynamics and Complexity, pp.
Heinrich Hora (born 1931 in Bodenbach, Czechoslovakia) is a German-Australian theoretical physicist who made contributions to solid state physics, optical properties of plasma with relativistic and quantum effects and nonlinear dynamics with applications of lasers for producing nuclear fusion energy.