Abstract
The author analysis the general model of capital reproduction. He got the equation of capital growth at the certain points in time, in proportion to the cycle of capital return in the process of its reproduction. He states that with the nonlinear profit capitalization function the dynamics of capital growth is equal to Ferhulst dynamics, describing the population growth in Nature. The author formulates the hypothesis of the fractal economy, where exponential growth of the capitalist economy may become cyclic and even chaotic considering the level of marginal efficiency of the reproduction process.
Comments
No posts found