Some New Techniques for Modelling Non-Linear Economic Fluctuations: A Brief Survey

@inproceedings{Cugno1984SomeNT,
  title={Some New Techniques for Modelling Non-Linear Economic Fluctuations: A Brief Survey},
  author={Franco Cugno and Luigi Montrucchio},
  year={1984}
}
Despite the dynamic nature of classical theories (Smith, Ricardo, Marx), for many years the mathematical tools employed in economics have been essentially static. It is plain that in such a way it is not possible to get beyond equilibrium analysis. However, when we try to understand the nature of the equilibria (substantially of their stability), the inadequacy of this approach becomes apparent (Hicks (1939),Samuelson (1947)). 

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