Nonlinear Economic Dynamics

  • Tönu Puu


Dynamic analysis in economics is as old as economics itself. A glance at the subject index in Schumpeter (1954) is sufficient to convince you about this. Even dynamic mathematical models are fairly old. The cobweb model of price adjustments for instance dates back to 1887.


Catastrophe Theory Saddle Connection Classical Situation Cusp Catastrophe Dynamic Mathematical Model 
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Copyright information

© Springer-Verlag Berlin · Heidelberg 1991

Authors and Affiliations

  • Tönu Puu
    • 1
  1. 1.Department of EconomicsUmeå UniversityUmeåSweden

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