IDEAS home Printed from https://ideas.repec.org/a/spr/joevec/v8y1998i4p407-422.html
   My bibliography  Save this article

The evolution of macrogenerations

Author

Listed:
  • V. Mayevsky

    (Institute of Economics of RAS, 32 Nakhimovsky prospect, Moscow 117218, Russia)

  • M. Kazhdan

    (Institute of Economics of RAS, 32 Nakhimovsky prospect, Moscow 117218, Russia)

Abstract

To develop the ideas of evolutionists - followers of Schumpeterian tradition, an attempt is made in the paper to describe the economy at large as a set of specific subsystems, namely macrogenerations. Those subsystems possess the following features: first, each macrogeneration is born, lives and eventually dies like a living creature; second, each macrogeneration produces a part of the GNP and the totality of simultaneously living macrogenerations produces the whole GNP. Correspondingly, the dynamics of the sum of the products of all macrogenerations is identical to that of the GNP. The economic meaning of the concept of macrogeneration is elucidated, and a model is constructed that imitates the behavior of macrogenerations. Using this model (on the basis of the information about the behavior of the GNP of the USA during the period of 1870-1994) a representation of the American economy is obtained as a system consisting of the set of macrogenerations.

Suggested Citation

  • V. Mayevsky & M. Kazhdan, 1998. "The evolution of macrogenerations," Journal of Evolutionary Economics, Springer, vol. 8(4), pages 407-422.
    • Handle: RePEc:spr:joevec:v:8:y:1998:i:4:p:407-422
    as

    Download full text from publisher

    File URL: http://link.springer.de/link/service/journals/00191/papers/8008004/80080407.pdf
    Download Restriction: Access to the full text of the articles in this series is restricted
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Evolution ; macrogeneration ; GNP;
    All these keywords.

    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O51 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - U.S.; Canada

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:joevec:v:8:y:1998:i:4:p:407-422. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.