State Space Models

All state space models are written and estimated in the R programming language. The models are available here with instructions and R procedures for manipulating the models here here.

Wednesday, February 5, 2025

World System: Generalizing the Malthusian Controller

 


In an earlier post (here), I presented Leibenstein's Malthusian Error Correcting Controller (ECC). It can be generalized to the dominant ECCs in most theoretical economic models (above). 

In future posts, where appropriate, I will explain each controller in more detail. The point to make here is that socio-economic systems are free to emphasize whatever controller seems appropriate during a particular historical period. It is an empirical matter to determine which controllers, if any,  are operating in a particular period. It is not something that can be deduced from theoretical speculation although historical analysis can reveal what was of most concern to elites. But, the historical analysis would just suggest a hypothesis.

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