Viejas ideas económicas con nuevas tecnologías matemáticas

David Juárez Luna () and José Carlos Ramírez Sánchez
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David Juárez Luna: Division of Economics, CIDE
Authors registered in the RePEc Author Service: David Juárez-Luna

No DTE 420, Working Papers from CIDE, División de Economía

Abstract: This paper aims at showing how the use of the Dynamical Systems Theory (DST) has affected the thematic content of the traditional economic analysis either by fostering new theoretical developments or by making translation from economic language to mathematics more complete. To this end, we elaborate a classification on 4344 papers which were published in the four leading economic journals between 1990 and 2004 and present two dynamical interpretations of the Malthusian Model. The main conclusions state that: 1) the application of DST to economics has made the meaning of dynamic equilibriums more complex in subdisciplines that are traditionally characterized by static analysis; and 2) the accurate use of DST techniques allows finding equilibriums which are longstanding disregarded by mainstream theories.

Keywords: Dynamical Systems Theory; Malthusian Model; economic language; mathematics more complete (search for similar items in EconPapers)
JEL-codes: B15 B16 (search for similar items in EconPapers)
Pages: 33 pages
Date: 2008-11
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