Catastrophe Theory and the Business Cycle
{ Posted on Nov 28 2009 by Economics - Today's Popular Articles at http://www.inveslogic.com }
As a follow up to therecent post on non-linear dynamics that continued the discussion onwhat's wrong with modern macroeconomics, here is a paper written many years ago by Hal Varian that extends theGoodwin-Kaldor model of business cycles. It is old-...
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