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The paper analyzes the relationship between income shares, wealth and growth in an environment where positional goods are taken into account and rent is generated. This hypothesis, which is a macro engine for inequality, creates a gap between profit share and property share and implies a...
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In this Chapter, we provide the definitions, notions and examples relevant for the analysis of the dynamical systems of interest to us in the remainder of this book. We start with with a description of dynamical systems and we provide a taxonomy. Then, we define continuous-time dynamical systems...
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In this chapter, the Logistic Map is taken as the example demonstrating the generic stability properties of fixed points and limit cycles, in dependence of the strength of nonlinearity. To identify attracting periodic orbits, we use the Schwarz derivative. The chapter ends with an application of...
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