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Viejas ideas económicas con nuevas tecnologías matemáticas

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  • David Juárez Luna

    ()
    (Division of Economics, CIDE)

  • José Carlos Ramírez Sánchez
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    Abstract

    This paper aims at showing how the use of the Dynamical Systems Theory (DST) has affected the thematic content of the traditional economic analysis either by fostering new theoretical developments or by making translation from economic language to mathematics more complete. To this end, we elaborate a classification on 4344 papers which were published in the four leading economic journals between 1990 and 2004 and present two dynamical interpretations of the Malthusian Model. The main conclusions state that: 1) the application of DST to economics has made the meaning of dynamic equilibriums more complex in subdisciplines that are traditionally characterized by static analysis; and 2) the accurate use of DST techniques allows finding equilibriums which are longstanding disregarded by mainstream theories.

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    Bibliographic Info

    Paper provided by CIDE, División de Economía in its series Working papers with number DTE 420.

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    Length: 33 pages
    Date of creation: Nov 2008
    Date of revision:
    Handle: RePEc:emc:wpaper:dte420

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    Related research

    Keywords: Dynamical Systems Theory; Malthusian Model; economic language; mathematics more complete;

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