Fw: Chaotic dynamics

["J. Barkley Rosser, Jr." <rosserjb@xxxxxxx>]

     Since I realized that this message is from Peter

who has the goofy email address, I shall add my response

to this.  There have been lots of mathematized models of

the Kaldor model.  They are pretty well covered in my book.

Among the complex dynamics that a Kaldor model can

generate are catastrophic, chaotic, non-chaotic strange

attractors, and fractal basin boundaries.  The demonstration

of the last two on Kaldor model was the first for both for any

economics model, and was by Hans-Walter Lorenz in 1993.

      Chapters 6 and 7 of my book (both editions) contain

discussions of these variations on the Kaldor model.

Barkley Rosser

-----Original Message-----
From: Peter Sandholt <petesand@xxxxxxxxxxxxx>
To: Post Keynesian Thought <pkt@xxxxxxxxxxxxxxxx>
Date: Wednesday, September 27, 2000 5:30 PM
Subject: Chaotic dynamics

Barkley and Allan,

 

Thanks for the references. I will get hold of your book as soon as possible, Barkley. It certainly sounds very interesting.

 

I do know Samuelson (1939) and have also got a copy of the Slutzky paper.

 

By the way, do any of you know a mathematically specified version of the model suggested by Kaldor (1940) in "A Model of the Trade Cycle"?

 

Peter