IDEAS home Printed from https://ideas.repec.org/p/usi/depfid/1209.html
   My bibliography  Save this paper

Economic Dynamics as a Succession of Equilibria: The Path Travelled by Morishima

Author

Listed:
  • Massimo Di Matteo

Abstract

In the paper I bring to the attention of the economists and historians of economic thought the idea of economic dynamics that one can found in the first book by Morishima published in 1950 but totally overlooked. It has a great interest not only because there it appears for the first time the application of new mathematical concepts ("structural stability") but also because he pursues a way of dynamizing general equilibrium theory that has been neglected in the postwar developments that appears to have been inspired by Samuelson. The paper has three parts. In the first and second parts I outline the development of economic dynamics and its applications to general equilibrium elaborated by Morishima; in the third part a comparison between the prevailing idea of economic dynamics as originally put forward by Samuelson and that elaborated by Morishima is developed and discussed.

Suggested Citation

  • Massimo Di Matteo, 2009. "Economic Dynamics as a Succession of Equilibria: The Path Travelled by Morishima," Department of Economic Policy, Finance and Development (DEPFID) University of Siena 1209, Department of Economic Policy, Finance and Development (DEPFID), University of Siena.
    • Handle: RePEc:usi:depfid:1209
    as

    Download full text from publisher

    File URL: http://repec.deps.unisi.it/depfid/text1209.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Pedro de Mendonça, 2013. "Nonlinear Phenomena in a Growing Economy with Convex Adjustment Costs," EERI Research Paper Series EERI RP 2013/05, Economics and Econometrics Research Institute (EERI), Brussels.

    More about this item

    Keywords

    dynamic general equilibrium; comparative statics and dynamics; dynamic and structural stability.;
    All these keywords.

    JEL classification:

    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B49 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Other

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:usi:depfid:1209. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Carlo Zappia (email available below). General contact details of provider: https://edirc.repec.org/data/dpsieit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.