Birth and Early History of Nonlinear Dynamics in Economics

Autores/as

  • Eugenia Perona Universidad Nacional de Córdoba, Facultad de Ciencias Económicas, Departamento de Economía y Finanzas (Córdoba, Argentina)

Palabras clave:

nonlinear modelling, economic cycles, macrodynamics, endogeneous/exogenous fluctuations, history of thought 1930-1950

Resumen

Since the 1980s, nonlinear dynamic modelling is becoming a popular methodology in economics. However, it is not as new as many researchers seem to believe. Before the linear approach dominated economic theory around the 1950s, many economists were actively involved in the development of nonlinear models, this tendency being particularly strong during the period 1930-1950. The main objective of this essay is to offer a systematic and comprehensive survey of the early developments in nonlinear dynamics in economics, ranging form Frisch’s original impulse and propagation model in 1933, to Goodwin’s formalisation of the limit cycle in 1951.

 

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Publicado

2005-12-01

Cómo citar

Perona, E. (2005). Birth and Early History of Nonlinear Dynamics in Economics. Revista De Economía Y Estadística, 43(2), 29–60. Recuperado a partir de https://revistas.unc.edu.ar/index.php/REyE/article/view/3817

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