Abstract

Dynamic analysis in economics is as old as economics itself. A glance at the subject index in Joseph Schumpeter’s monumental “History of Economic Analysis” is sufficient to convince you about this. Even dynamic mathematical models are fairly old. Cournot duopoly dates back to 1838 and the cobweb model of price adjustments to 1887.

Keywords

Explosive Smoke Librium Rium Mist 

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Copyright information

© Springer-Verlag Berlin Heidelberg 2000

Authors and Affiliations

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

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