Accepted:
15 Oct 1998
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/vol06/standishb/ | © Copyright 2001 | |||
| Volume 06 | Received: Accepted: |
01 Jul 1998 15 Oct 1998 |
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Econolab
Russell K. Standish |
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| Abstract | |
| The paper presents an evolutionary Êdynamic economic model based on von Neumann's Êwork. Von Neumann's balanced growth solution Êis shown to be the long time average behaviour of the dynamic system, and that growth is found to be constrained by the productivities of key processes, called the generators of the economy. Some discussion is given about how to implement this model using the Ecolab ÊÊmodeling tool. | |
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