Here's a description of the convergent cobweb, but I am not interested in that kind of convergence and bounded oscillation. Still it's interesting that it's probably not diagramed in most introductory microecon books. I am interested in how the responses to disequilibrium provide an *endogenous *explanation for the outward shifts of the supply curve, characteristic of capitalist production. Let's call that the Schumpeter/Marx/TSSI problem. I think Kaldor wrote about the kind of disequilibrium that I am interested later in his career. I remember reading ten years ago something about disequilibrium that he wrote in the 70s or 80s--I'll look it up; the cobweb theorem seems to date from the 30s
http://www.youtube.com/watch?v=1vixHc37DII
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