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Two-dimensional constrained chaos and industrial revolution cycles

Author

Listed:
  • Makoto Yano

    (b Research Institute of Economy, Trade and Industry , 100-8901 Tokyo , Japan)

  • Yuichi Furukawa

    (c Chuo University , 192-0351 Tokyo , Japan)

Abstract

Since the 1760s, at least three industrial revolutions have occurred. To explain this phenomenon, we introduce two-dimensional (2D) constrained chaos. Using a model of innovation dynamics, we show that an industrial-revolution-like technology burst, driven by investment/saving motives for R&D activities, recurs about every one hundred years if the monopolistic use of a new technology lasts about 8 y.

Suggested Citation

  • Makoto Yano & Yuichi Furukawa, 2023. "Two-dimensional constrained chaos and industrial revolution cycles," Proceedings of the National Academy of Sciences, Proceedings of the National Academy of Sciences, vol. 120(5), pages 2117497120-, January.
    • Handle: RePEc:nas:journl:v:120:y:2023:p:e2117497120
    DOI: 10.1073/pnas.2117497120
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