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Iteration, Tâtonnement, Computation and Economic Dynamics

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  • K. Vela Velupillai

Abstract

An attempt is made, in this paper, to extract a mathematical methodology, underpinned by numerical meaning, from a study of Richard Goodwin’s classic contributions from 1943 to 1967 -- and beyond. The key conceptual notions I use are tâtonnement, computation, approximations, the geometry of dynamics, simulations and iteration.

Suggested Citation

  • K. Vela Velupillai, 2012. "Iteration, Tâtonnement, Computation and Economic Dynamics," ASSRU Discussion Papers 1213, ASSRU - Algorithmic Social Science Research Unit.
    • Handle: RePEc:trn:utwpas:1213
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    References listed on IDEAS

    as
    1. K. Vela Velupillai & Stefano Zambelli, 2010. "Computation in Economics," ASSRU Discussion Papers 1001, ASSRU - Algorithmic Social Science Research Unit.
    2. Pasinetti,Luigi L., 2007. "Keynes and the Cambridge Keynesians," Cambridge Books, Cambridge University Press, number 9780521872270.
    3. Vela Velupillai, K., 2002. "Effectivity and constructivity in economic theory," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 307-325, November.
    4. Goodwin, Richard, 1978. " Wicksell and the Malthusian Catastrophe," Scandinavian Journal of Economics, Wiley Blackwell, vol. 80(2), pages 190-198.
    5. Samuelson, Paul A, 1972. "Maximum Principles in Analytical Economics," American Economic Review, American Economic Association, vol. 62(3), pages 249-262, June.
    6. Jaffe, William, 1980. "Walras's Economics As Others See It," Journal of Economic Literature, American Economic Association, vol. 18(2), pages 528-549, June.
    7. R. M. Goodwin, 1982. "Essays in Economic Dynamics," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-05504-3.
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