A Chaotic Reformulation of Multiplier—Accelerator Models

  • Richard M. Goodwin
  • Björn Thalberg
  • Kumaraswamy Velupillai


It gives me great pleasure to join in this occasion to honour Björn Thalberg. We have known one another for over thirty years, shared an interest in economic dynamics and, in particular, in cycles. He came to Cambridge at a time when I had only recently begun lecturing there and we had a chance to meet outside the formal lecturing periods. Not only that but he sent one of his exceptional students, Kumaraswamy Velupillai, with the instruction to seek out either Nicholas Kaldor or me: happily in the end he became my student.


Fiscal Policy Strange Attractor Economic Dynamic Exogenous Shock Compensatory Policy 
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    Le Corbeiller, Ph., ‘Letter to Goodwin’ (1960) in K. Velupillai (ed.) Nonlinear and Multisectoral Macrodynamics: Essays in Honour of Richard Goodwin (London: Macmillan, 1990).Google Scholar
  2. 2.
    Velupillai, K., ‘Hilbert’s 16th Problem, Non-Linear Dynamics and Economic Fluctuations: A Curiosum in the History of Dynamical Systems’, mimeo (Svanshall, 1988)Google Scholar
  3. 3.
    Velupillai, K., ‘Theories of the Trade Cycle: Analytical and Conceptual Perspectives and Perplexities’ in N. Thygesen, K. Velupillai and S. Zambelli (eds); Business Cycles: Theories, Evidence and Analysis (London: Macmillan, 1991).Google Scholar

Copyright information

© Kumaraswamy Velupillai 1992

Authors and Affiliations

  • Richard M. Goodwin
  • Björn Thalberg
  • Kumaraswamy Velupillai

There are no affiliations available

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