A private account of Leitmann’s approach to stabilizing uncertain economic systems

Christophe Deissenberg ()
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Christophe Deissenberg: Aix-Marseille University

Central European Journal of Operations Research, 2025, vol. 33, issue 2, No 13, 549-554

Abstract: Abstract This note recounts how the author was introduced to George Leitmann’s pioneering work on the robust stabilization of uncertain dynamic systems. It explores the challenges this approach faced in gaining acceptance among economists, including ideological resistance and the shift from empirical to theoretical approaches in economics. It also reflects on the relevance of Leitmann’s ideas in light of the Lucas Critique and the broader evolution of economic thought, highlighting the enduring importance of robustness in policy design.

Keywords: Lyapunov min-max control; Stabilization of uncertain systems; Leitmann approach; Robust quantitative economic policy; Lucas critique (search for similar items in EconPapers)
Date: 2025
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DOI: 10.1007/s10100-025-00977-w

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