On 3 December 2010 16:47, GERALD LEVY <gerald_a_levy@msn.com> wrote:
>
> Well, hold on now: I thought you were attempting to develop a simple
> dynamic model.
> In what sense could a steady-state model be said to be dynamic? It seems to
> me
> that steady-state models can not be dynamic models.
>
>
No, what we call the 'steady-state rate' is an attractor point of a
dynamical system. Given the variables l,p,d, and u it is the point towards
which the center of gravity of the distribution of profit rates necessarily
will converge.
//Dave Z
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Received on Fri Dec 3 11:02:45 2010
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