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Allow me to add a further note to my discussion
of treatment of the equilibrium concept in biology/
ecology. There is another figure in here who had
a well developed idea of equilibrium, even arguably
of general equilibrium to some extent, and more
interestingly of dynamic equilibrium (and still more
interestingly of dynamic non-equilibria), although
curiously enough he was largely drawing on physics
ideas. This was Alfred J. Lotka, whose magnum
opus was _Elements of Physical Biology_, 1925,
Baltimore: Williams and Wilkins (reprinted in 1945
as _Elements of Mathematical Biology_).
Lotka is most famous as the originator of the idea
of the predator-prey cycle, initially in 1920, but fully
discussed in his 1925 book. It was taken up and
advanced further in 1931 by Volterra and more later
by Kolmogorov, with both Richard Goodwin and Paul
Samuelson applying it to economics in 1967. Samuelson
was very heavily influenced by Lotka in his analysis
of the relationship between statics and dynamics using
the Correspondence Principle, and cites Lotka in his
_Foundations of Economic Analysis_.
Lotka was aware of different concepts of equilibrium.
Thus, in Chap. 9 he drew on Pareto as well as Le Chatelier
and Maxwell and Poincare for his discussion of static
equilibrium. He then distinguished moving equilibria
from stationary states (and analyzed their local stability).
He noted a "kinematic" equilibrium" in which "velocities
vanish," also a "dynamic" equilibrium in which "forces
are balanced and the resultant force vanishes," an
"energetic" concept in "virtual work done in any small
displacement compatible with constraints vanishes,"
which is a minimization of potential energy concept.
Furthermore he saw evolution as an irreversible
process driven by the Second Law of Thermodynamics
and he labeled as "quasi-equilibria" states maintained
by a "dissipation or degradation of available energy."
He also consciously used combined human-animal
examples (mosquitos and humans, for example) and
said that he was analyzing "the biological basis for
economics."
I note that he studied most of the kinds of dynamic
patterns of fluctuations that we now know of with the
major exception of chaotic dynamics. He well understood
the important concept of the bifurcation of dynamic
equilibria, which he got from Poincare. His work was
enormously influential on another physicist who went
into ecology, Robert May, whose 1976 article in Nature
was the first to consciously suggest the application of
chaos theory to economics, although some others had
observed such patterns in economic models without
understanding what they were observing (Strotz et al, 1953).
References:
Alfred J. Lotka, 1920. "Analytical Notes on Certain Rhythmic
Relations in Organic Systems," Proceedings of the National
Academy of Sciences of the United States, 6, 410-415.
Alfred J. Lotka, 1925. Elements of Physical Biology. Baltimore:
Williams and Wilkns (reprinted in 1945 as Elements of
Mathematical Biology)
Robert H. Strotz, J.C. McAnulty, and Joseph B. Naines, Jr.
1953. "Goodwin's Nonlinear Theory of the Business Cycle:
An Electro-Analog Solution," Econometrica, 21, 390-411.
[speaking of engineering approaches]
Richard M. Goodwin, 1967. "A Growth Cycle," in C.H. Feinstein, ed.
Socialism, Capitalism and Economic Growth. Cambridge: Cambridge University
Press.
Paul A. Samuelson, 1967. "A Universal Cycle?" in R. Henn, ed. Methods of
Operations Research III. Muhlgasse: Verlag Anton Hain.
Robert M. May, 1976. "Simple mathematical models with
very complicated dynamics," Nature, 269, 471-477.
Barkley Rosser
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