Classical dynamics of disequilibrium
从非引力视角研究古典非均衡模型的动力学,分析资本家调整积累率导致的周期性增长、危机或收敛于稳态,并与古典和凯恩斯理论比较。
This paper studies the dynamics of a disequilibrium model of classical inspiration from a non-gravitational perspective. In each sector, capitalists decide on rates of accumulation that are revised if the desired rates are not feasible. The dynamics differ according to the hypotheses retained (cyclical growth interspersed by crises, convergence towards a stationary state or towards a regular but sluggish growth). These results are compared with those of the classical and Keynesian theories. Copyright 2007, Oxford University Press.