Titlebook: Competition, Instability, and Nonlinear Cycles; Proceedings of an In Willi Semmler Conference proceedings 1986 Springer-Verlag Berlin Heide

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Ergodic Price Setting with Technical Progress of production. Thereby it was assumed for the production technology to remain constant over time. In this paper we demonstrate a convergence result also when technical progress is admitted, provided the latter does not end up with the land of Cockaigne of zero costs. (Section 4.) In addition, inste

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Swinging along the Autostradaon Neumann paper given at the Monger seminar, a repetition of the one he had given in Princeton in 1932. When I got as far as realizing that he was including all remaining plant and equipment in annual output, I rashly judged it to be totally unrealistic, and I still do, though in retrospect I reali

Flatter

On a Microdynamics of a Nonlinear Macrocycle Model in this book, are concerned with the stability of relative prices and outputs over time. Such models are, for example, developed in Nikaido (1983), Boggio (1984), Franke (1984), Dumenil/Levy (1984), Flaschel/Semmler (1985a, 1986), and Goodwin (1985). Cycle models, on the other hand, examine the sta

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Stabilization Policy in a Nonlinear Business Cycle Modeltability in capital accumulation. It has not become the dominant view among economists, however, perhaps because of the argument that the motions of real capitalist economies around their long run average growth paths are bounded, and because of the implicit assumption that an unstable motion cannot

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Some Extensions of a Classical Growth Cycle Modelfascination exerted by other parts of Marxian theory, e.g. the labour theory of value or the reproduction schemes. To a large extent, the situation seems to be a natural outcome of a predominant interpretation of the law in terms of the concentration and centralization of capital and the tendency of

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