Economic dynamics. Growth and development (Q1188740)

The book presents a new approach to economics within the framework of neoclassical economics and input-output analysis. The author analyses various real and monetary dynamic phenomena, such as dynamic equilibrium and disequilibrium, stability and instability, bifurcations and economic cycles. He also argues, that oscillations and structural changes are rather universal than rare in a progressive economy. From this point of view ``... no economic system can be stabilized forever if change is permitted''. The description of economic growth as well as the proofs concerning the periodicity of bifurcating economic phenomena provide good and useful illustrations of the application of mathematics to economics.