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Iteration, tâtonnement, computation and economic dynamics

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  • K. Vela Velupillai

Abstract

An attempt is made, in this paper, to extract a mathematical methodology, underpinned by numerical meaning, from a study of Richard Goodwin’s classic contributions from 1943 to 1967, and beyond. The key conceptual notions used are tâtonnement, computation, approximations, the geometry of dynamics, simulations and iteration.

Suggested Citation

  • K. Vela Velupillai, 2015. "Iteration, tâtonnement, computation and economic dynamics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 39(6), pages 1551-1567.
    • Handle: RePEc:oup:cambje:v:39:y:2015:i:6:p:1551-1567.
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    File URL: http://hdl.handle.net/10.1093/cje/bev051
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    Cited by:

    1. Shu-Heng Chen & Bin-Tzong Chie & Ying-Fang Kao & Ragupathy Venkatachalam, 2019. "Agent-Based Modeling of a Non-tâtonnement Process for the Scarf Economy: The Role of Learning," Computational Economics, Springer;Society for Computational Economics, vol. 54(1), pages 305-341, June.
    2. Venkatachalam, Ragupathy & Kumar, Sunil Mitra, 2022. "Economic Structures and Dynamics: A Morphogenetic View," Structural Change and Economic Dynamics, Elsevier, vol. 61(C), pages 474-485.

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