Iteration, Tâtonnement, Computation and Economic Dynamics
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.
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- Vela Velupillai, K., 2002. "Effectivity and constructivity in economic theory," Journal of Economic Behavior & Organization, Elsevier, vol. 49(3), pages 307-325, November.
- K. Vela Velupillai & Stefano Zambelli, 2010. "Computation in Economics," ASSRU Discussion Papers 1001, ASSRU - Algorithmic Social Science Research Unit.
- Jaffe, William, 1980. "Walras's Economics As Others See It," Journal of Economic Literature, American Economic Association, vol. 18(2), pages 528-49, June.
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