Abstract
This article examines recent developent in cycle theory, comparing the contributions of Keynesian, Marxian, and neoclassical equilibrium theorists. First the weaknesses of linear-stochastic theory, about which all partisans of nonlinear dynamics agree, are discussed. Secondly, the contributions of nonlinear dynamics to the competing streams of cycle theory will be illustrated. Thirdly, it is argued that perfect foresight theory may have long-term difficulties in accomodating developments in nonlinear dynamics, chaos theory especially.
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