Chemistry at the Service of Economic Modelling: Vladimir Bazarov’s Approach to Formalizing Business Cycles
Vladimir Bazarov, a Soviet economist working at the State Planning agency in the 1920s, proposed two original mathematical models of the recovery phase of a business cycle, built by analogy with chemical reactions. This article analyses the results obtained by Bazarov and outlines the use of analogi...
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| Format: | Article |
| Language: | English |
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Association Œconomia
2023-12-01
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| Series: | Œconomia |
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| Online Access: | http://journals.openedition.org/oeconomia/16566 |