Dynamics in General Equilibrium Theory

Steve Smale
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Steve Smale: University of California at Berkeley, Department of Mathematics

A chapter in The Mathematics of Time, 1980, pp 106-112 from Springer

Abstract: Abstract I find myself something of an outsider in writing a paper like this; and for a mathematician to write a paper with no technical mathematics is a real (but very constructive) confrontation with the problem of communication. What I hope to achieve here is to convey some of my ideas on the relation between dynamics and the traditionally static, economic equilibrium theory.

Keywords: Price System; Competitive Equilibrium; Price Adjustment; Equilibrium Theory; Chess Player (search for similar items in EconPapers)
Date: 1980
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-1-4613-8101-3_5

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DOI: 10.1007/978-1-4613-8101-3_5

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