Do you mean Kaldor, Nicholas. 1939. "Speculation and Economic Stability." Review of Economic Studies, 7 (October): pp. 1-27; reprinted in Kaldor, Nicholas. 1960. Essays on Economic Stability and Growth (Glencoe, Ill.: Free Press): pp. 17-39.
or N. Kaldor, 'The Cobweb Theorem', Quarterly Journal of Economics, Vol. 52, No. 2 (February, 1938). N. Kaldor, 'A Classificatory Note on the Determination of Equilibrium', Review of Economic Studies, vol I (February, 1934), 122-36. (See especially pages 133-135.) On Sat, Aug 14, 2010 at 09:49:23AM -0700, Lakshmi Rhone wrote: > 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 > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
