- Breaking the Circular Flow: A Dynamic Programming Approach to Schumpeter -- A Review in Campaigns: Going Positive and Negative -- Comments on Lattice Structures and Deferred Acceptance Algorithm -- Externalities, Optimal Subsidy and Growth -- The Fractal Nature of Bitcoin: Evidence From...

Spatiotemporal dynamics are introduced in a standard Ramsey model of optimal growth in which capital moves toward locations where the marginal productivity of capital is relatively higher. We extend Pontryagin s maximum principle to account for transition dynamics governed by a nonlinear partial...