Antonello, Paola - In: Economic Systems Research 11 (1999) 2, pp. 139-162
In a well-known essay first published in 1953, Goodwin analyzed the dynamic adjustment of quantities and prices to long-run equilibrium values, in a set ofn 'Walrasian' markets. He treated the crossed adjustment of prices and quantities as a linear Hamiltonian vector field. In more recent work,...