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Viejas ideas económicas con nuevas tecnologías matemáticas

Author

Listed:
  • David Juárez Luna

    (Division of Economics, CIDE)

  • José Carlos Ramírez Sánchez

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.

Suggested Citation

  • David Juárez Luna & José Carlos Ramírez Sánchez, 2008. "Viejas ideas económicas con nuevas tecnologías matemáticas," Working papers DTE 420, CIDE, División de Economía.
    • Handle: RePEc:emc:wpaper:dte420
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    File URL: http://www.economiamexicana.cide.edu/RePEc/emc/pdf/DTE/DTE420.pdf
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    More about this item

    Keywords

    Dynamical Systems Theory; Malthusian Model; economic language; mathematics more complete;
    All these keywords.

    JEL classification:

    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary
    • B16 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Quantitative and Mathematical

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