Policy and Price Stability in the von Neumann Model of a Closed Economy.

Abstract

The author shows that a necessary and sufficient condition for stability of the set of feasible technologies and growth factors, or of the set of feasible price systems and interest factors, in a von Neumann model is that there exist no equilibria in which the total output of the economy is without value.

Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1975
Accession Number
ADA017961

Entities

People

  • Stephen M. Robinson

Organizations

  • University of Wisconsin–Madison

Tags

DTIC Thesaurus Topics

  • Growth Factors

Fields of Study

  • Economics

Readers

  • Fluid Dynamics.
  • Life Cycle Cost Analysis
  • Strategic Security Studies