A DYNAMIC MODEL OF CLASSICAL SYNTHESIS

概要

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If we hope keynes' Principle of Effective Demand to be founded on a solid foundation, we should change the theory of value. We choose Sraffa's 1960 work or its modified generalization as the foundation of macrodynamic analysis, and study the problem on the determination of the rate of profits, following his ideas. Then, constructing a macrodynamic model as a subsystem of the whole, which will at least enable us to call prices into question, we analyse the dynamic process, while using R. M. May's researches on nonlinear difference equations. The economy grows, in general, along with historical time. We can consider that the parameters characterizing the economy keep them from the chaotic region.
滋賀大学の論文