You can experiment with the W_M456 model (here). Notice that the model is nonlinear and unstable.
Notes
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World-System (1950-2000+) Unstable Cycles in the Iranian Economy
In prior blog postings, I have usually displayed only the first three state variables of a DCM ( Dynamic Components Model ). There are t...
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The 2025 Nobel Prize in Economics ( here ) was awarded for having explained the role of innovation and Creative Destruction in Sustaine...
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You can experiment with the W_M456 model ( here ). Notice that the model is nonlinear and unstable. Notes
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The Kondratiev Wave is an important element of World-Systems Theory . The graphic above is taken from Andreas Goldschmidt and gives h...
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