ECONOMIC DYNAMICS AND THE CALCULUS OF VARIATIONS IN THE INTERWAR PERIOD

@article{Pomini2018ECONOMICDA,
  title={ECONOMIC DYNAMICS AND THE CALCULUS OF VARIATIONS IN THE INTERWAR PERIOD},
  author={Mario Pomini},
  journal={Journal of the History of Economic Thought},
  year={2018},
  volume={40},
  pages={57 - 79}
}
  • M. Pomini
  • Published 15 February 2018
  • Economics
  • Journal of the History of Economic Thought
Analogies with rational mechanics played a pivotal role in the search for formal models in economics. In the period between the two world wars, a small group of mathematical economists tried to extend this view from statics to dynamics. The main result was the extensive application of calculus of variations to obtain a dynamic representation of economic variables. This approach began with the contributions put forward by Griffith C. Evans, a mathematician who, in the first phase of his… 
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