The plan to publish the present book arose while I was preparing a joint work with Gunter
Gabisch (Gabisch, G./Lorenz, H.-W.: Business Cycle Theory. Berlin-Heidelberg-New York …

It is generally acknowledged that deterministic formulations of dy namical phenomena in the
social sciences need to be treated differently from similar formulations in the natural …

We analyze a nonlinear discrete time Cournot duopoly game, where players have adaptive
expectations. The evolution of expected outputs over time is generated by the iteration of a …

This paper analyzes a dynamic model with (1) an investment function that emphasizes cash
flow,(2) a Keynesian macroeconomic framework that determines cash flow …

In this paper we demonstrate how the global dynamics of an economic model can be
analyzed. In particular, as an application, we consider a market share attraction model …

For more than 20 years, Post Keynesian contributions, based on the work of Hyman Minsky,
have been flourishing. However, these models are often extremely sophisticated, involving …

The nature of the relationship between complex dynamics and Post Keynesian economics2
(PKE) has been a controversial matter for some time. Some argue that it is a distraction that …

When Schumpeter asserted that there are only two" fundamentally different groups of
Business Cycle theories"(Schumpeter 1939) he undoubtedly had the then-current formal …

As Europe moves toward an integrated academic system, European economics is changing.
This book discusses that change, along with the changes that are happening simultaneously …

This paper introduces heterogeneous microeconomic behavior into a demand-driven
macroeconomic model in order to study the joint dynamics of leverage and capital …