Towards a Dynamic Equilibrium-Seeking Model of a Closed Economy

Economics has long been concerned with the development of tools to help understand and describe the interactions among economic actors including the circular flow of economic resources. This paper expands our available toolkit of models, by describing a novel dynamic equilibrium-seeking model of a c...

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Bibliographic Details
Main Authors: Nicola J. McDonald, Garry W. McDonald
Format: Article
Language:English
Published: MDPI AG 2020-11-01
Series:Systems
Subjects:
Online Access:https://www.mdpi.com/2079-8954/8/4/42