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RICHARD H. DAY

Richard H. Day is Professor of , Emeritus of the University of Southern California. He studied General Science at Iowa State University and, as an Honor Scholar, received the Bachelor of Science in June 1955. He attended Harvard University 1955-1958, received the Ph.D. degree in Economics in June 1961. His dissertation, published by North-Holland in 1963,, presented a class of "recursive programming" models for explaining production, investment and technological change in agriculture and industrial sectors. This work, originally sponsored by the U.S. Department of Agriculture, was the prototype for a U.S. National Model in the 1960s and for a variety of similar studies in a number of countries. His work at this time also included the derivation of sufficient conditions for aggregation in production models, estimates of the distribution of field crop yields, and an analysis of the effect of technological change on the migration from rural to urban centers. During the period 1959Ð1962, Day served in the U.S.A.F. as a mathematician and systems analyst and subsequently spent a brief stint as a consultant to Richard Reuter who was then Director of the Food for Peace Program and Special Assistant to President Kennedy. After joining the University of Wisconsin in 1963, with the support of the National Science Foundation, conducted recursive programming studies of the U.S. Coal, Steel and Petroleum Industries and of agricultural development in India. This work showed how structural change can be explained in economic terms and how it can completely transform a region or industry in less than a generation. These early studies and subsequent related reflections are reprised in the 2004 Cambridge volume The Divergent Dynamics of : Studies in Adaptive Economizing, Technological Change and . The empirical studies of industrial and agricultural development became the basis for a dynamic theory describing economic change when agents are boundedly rational, when economic behavior is adaptive, when markets work out of equilibrium and when economic structure evolves, themes that he is continuing to develop. A recent mathematical expression of which was published in the Journal of Convex Analysis and Applications. Several nonlinear difference equation models of growth and cycles were developed early in this work to illustrate various aspects of the general theory. These studies led him to introduce, in collaboration with Jess Benhabib, Wayne Shafer, and Giulio Pianigiani, mathematical chaos and ergodic theory into economic analysis. They demonstrate that irregular, random-like behavior is a generic possibility in models of economic change that incorporate significant nonlinearities. This work culminated in the two volume MIT book, Complex Economic Dynamics, published in 1994 and 2000. Day, with Sidney Winter, founded the Journal of Economic Behavior and Organization, serving as Editor through 2002. He is the author or coauthor of some 180 articles, 4 books, and editor of 9 others. He has been a visiting professor at Göttingen University, Harvard, MIT, the Princeton Institute for Advance Study, the Netherlands Institute for Advanced Study, the University of Siena, the European University Institute, the University of Paris, and the University of Århus. He has lectured at many other universities in the U.S., Europe and Asia, and is currently Chairman of the International Advisory Board for the Max Planck Institute, Economics Unit in Jena. VITA Richard Hollis Day Professor Emeritus, University of Southern California

May 2007

EDUCATION Iowa State University 1951-1955 B.S., Economics, June 1955 Harvard University 1955-1958 M.S., Economics, June 1961 Ph.D., Economics, June 1961 Doctoral Dissertation: "Recursive Programming and Production Response"

PROFESSIONAL EXPERIENCE: Major Appointments U.S. Department of Agriculture, , 1958-1959 USAF, Mathematician, Computer Programming and Systems Analysis, 1959-1962 University of Wisconsin, Assistant Professor of Economics and , 1962-1964; Associate Professor, 1965-1968; Professor, 1968- 1977. Göttingen University, Fulbright Lecturer in Economics and Visiting Professor, 1967-1968. University of Southern California, Professor of Economics, 1976-2006 University of Southern California, Professor Emeritus of Economics, 2006- The Institute for Advanced Study, Princeton, N.J., Member 1978-1979 The Netherlands Institute for Advanced Study, Fellow, August 1984-August 1985. European University Institute, Distinguished Fulbright Lecturer, Florence, 1993. MaxÐPlanckÐInstitut, Chairman, International Advisory Board, Economics Unit, 2004-. Selected Part-time or Temporary Appointments and Consulting Food for Peace Program, The White House, Consultant to the Director, 1962. General Electric Corporation, Computer Division, Consultant, 1962. Georgetown University, Lecturer, 1962. Southeast Wisconsin Development Commission, 1964. Rockefeller Foundation Study and Conference Center, Villa Serbelloni, Scholar in Residence, February-March, 1974. Mathematics Research Center, University of Wisconsin, Visiting Professor, Summers, 1971, 1972, 1974, Honorary Fellow, 1971-1975, Visiting Scholar, May 1983. Harvard University, Honorary Research Associate, Department of Economics, 1975- 1976. 2 MIT System Dynamics Group, Sloan School, Honorary Research Associate, 1975- 1976. Electric Power Research Institute, Consultant, 1976-1982, 1988-1989. University of Paris IX, Dauphine, Centre de Recherche de Mathematiques de la Decision (CEREMADE), Visiting Research Associate, April 1976, April 1978; Membre Associe E'tranger, 1979, Visiting Professor, 1982. Industrial Institute for Economic and Social Research, Stockholm, Visiting Scholar, Summer 1983-1984, July 1985, October 1986, November 1987, July 1988, June 1989, July 1990. University of Siena, Instituto di Matematica, Visiting Scholar, Summer 1988, Summer 1989, Summer, 1990. World Bank Project on Industrial Reform and in Chinese Enterprises, 1991Ð1992. United Nations Development Project, April 30ÐMay 4, 1992. International Evaluation of Danish Research in the Social Sciences, Panel on Economics, 1995Ð1996. Art Meets Science and Economics, Speaker and Discussant, Royal Museum of Denmark, Copenhagen, 1997. University of Paris 2, Visiting Professor, Fall 1998. Århus University, Denmark, Visiting Professor, May, 1998.

Administrative Experience University of Wisconsin, Director, Computation Division SSRI, 1964-1967; Chairman, Social Systems Research Institute, 1968-1970. , Program Committee, 1966, 1969; Chairman of Program Committee, 1970; Standing Committee, 1970-1973. Society of Industrial and , Program Chairman, 1974. Conference on Adaptive Economics, Co-Organizer, Mathematical Research Center, Madison, Wisconsin, 1974. Conference on the Dynamics of , Co-Organizer, Stockholm, 1983. University of Southern California, Department Chair, 1976-1979, 1982 (Acting), 1987-1988; Modelling Research Group, Co-Director, 1976-1988. Conference on The Markets for Entrepreneurship, Ownership and Control, Co- Organizer, Stockholm, 1988. Workshop on Dynamical Economic Science, Co-Organizer, USC, April 1988. Conference on the Markets for Innovation, Ownership and Control, Co-Organizer, Stockholm, June 1988. International Symposium on Evolutionary Dynamics and Nonlinear Economics, Co- Chairman, University of Texas, Austin, April 1989. Conference on Econometric Estimation & Inference for Nonlinear, Dynamic Macroeconomic Models, Organizer, USC, April 1989. Second International Workshop on Dynamical Economic Sciences, Co-Organizer, Stockholm, June 1989. Western Economic Association International, Co-Organizer, Special Session, San Diego, CA, July 1999.

3 Editorial Activity Journal of Economic Behavior and Organization, CoÐfounder and CoÐeditor, 1980-1986; Editor, 1987Ð2002, Honorary Editor, 2002Ð Structural Change and Economic Dynamics, Advisory Board, 1991Ð Behavioral Science, Board of Referees, 1973Ð1979. Journal of Economic Dynamics and Control, Editorial Board, 1979Ð1980. Journal of Economic Development, Editorial Board, 1979Ð International Editorial Board of the and Frank Taussig Awards Competition, 1976Ð1990. Discrete Dynamics in Nature and Society, Honorary Editor, 1997Ð

Honors Econometric Society, Fellow, 1993Ð. Phi Kappa Phi Faculty Recognition Award for the book, Complex Economic Dynamics, Volume I, An Introduction to Dynamical Systems and Market Mechanisms.

4 I. JOURNAL ARTICLES, CONTRIBUTIONS TO BOOKS AND PROCEEDINGS

1. "Recursive Programming and Supply Prediction," Chapter 5 in Heady et al. (eds.), Agricultural Supply Functions. Iowa State University Press, pp. 108-125. 1961. 2. "Programming Absolute Priorities by Means of Input- Analysis," Artha Vijnana, 4:1-9, March 1962. 3. "An Approach to Production Response," Agricultural Economics Research, 14:134- 148, October 1962. 4. "Comments on Papers by Professor Fox and Sengupta," in Barna (ed.), Structural Interdependence and Economic Development, pp. 93-99, Macmillan, 1963. 5. "On Aggregating Linear Programming Models of Production," Journal of Farm Economics, 45:797-813, November 1963. 6. "Dynamic Coupling, Optimizing and Regional Interdependence," Journal of Farm Economics, 46:442-451, May 1964. 7. "Une Approche Pour L'Etude De La Production Agricole," Economic Rurals, No. 66, October 1965. Translators: P.F. Albert and J.M. Boussard. 8. " Distributions of Crop Yields," Journal of Farm Economics, 47:713-741, August 1965. 9. "On Optimal Extracting from a Multiple File Data Storage System: An Application of Integer Programming," , 13:482-494, May-June 1965. 10. "Predicting and Income Effects: Some Comments on Research Methodology," Proceedings of a Conference on Price and Income Policies, pp. 33-42, October 1965. 11. "Allocation of Weapons to Target Complexes by Means of Nonlinear Programming," Operations Research, 14:991-1013, November 1966.

12. "A Microeconomic Model of Business Growth, Decay and Cycles," Unternehamnsforschung, Band 11, Heft 1, pp. 1-20, 1967. 13. "Profits, Learning and the of Satisficing to ," Quarterly Journal of Economics, 81:302-311, May 1967. 14. "Discussion: From Stock to Flow Capital Inputs," Journal of Farm Economics, 49:491-495, May 1967. 15. "The Economics of Technological Change and the Demise of the Sharecropper," American Economic Review, 57:427-449, June 1967. 16. "How to Cooperate in Business Without Really Trying: A Learning Model of Decentralized Decision Making," with E. Herbert Tinney. Journal of Political , July/August 1968. 5 17. "A Note on the Dynamics of Cost Competition Within an Industry," Oxford Economic Papers, August 1968. 18. "Investitionen in die neue Technologie und der Soziale Wandel," in Probleme de Konjunkturverflachung. Wien: Jupiter-Verlag, 1968. 19. "More on the Aggregation Problem: Some Suggestions," American Journal of Agricultural Economics, 51:673-675, August 1969. 20. "Exact Aggregation with Linear Programming Models - A Note on the Sufficient Condition Proposed by R.H. Day: Reply," American Journal of Agricultural Economics, 51:686-688, August 1969. 21. "CODAS: A Customer Oriented Retrieval, Processing and Display Program," with Max Ellis, Mike Mansfield. Communications of the Association for Computing Machinery, 12:67-72, February 1969. 22. "Recursive Programming Models for Policy Formulation," with E.J. Heiden, in Vincent P. Rock (ed.), Policy Makers and Model Builders, Gordon and Breach, Science Publishers, pp. 319-355, 1969. 23. "A Dynamic von Thunen Model," with E. Herbert Tinney, Geographical Analysis, 1:137-151, April 1969. 24. "Flexible Utility and Myopic Expectations in Economic Growth," Oxford Economic Papers, 21:299-311, November 1969. 25. "Cycles, Phases and Growth in a Generalized Cobweb Theory," with E. Herbert Tinney. Economic Journal, 79:90-108, March 1969. 26. "Recursive Programming and Supply Prediction," in Fox and Johnson (ed.), American Economics Association, Readings in the Economics of Agriculture, 1969. 27. "On a Dynamic Location Model of Production," with Peter Kennedy. Journal of , 10:191-197, 1970. 28. "A Theoretical Note on the Spatial Diffusion of Something New," Geographical Analysis, 2:68-76, January 1970. 29. "Recursive Programming Models of Industrial Development and Technological Change," with M. Abe, W. Tabb, and C. Tsao, in Carter and Brody (eds.), Input-Output Techniques. (In Honor of ), Vol. 1: Contribution to Input-Output Analysis, North-Holland Publishing Company, 1970. 30. "Recursive Decision Systems: An Existence Analysis," with Peter Kennedy, Econometrica, 38:666-681, September 1970. 31. "An Elementary Analysis of the Kennedy Tax Program," Chapter 29 in W.L. Johnson and D.S. Kammerschen, : Selected Readings, Boston: Houghton Mifflin, 1970. 32. "Rational Choice and Economic Behavior," Theory and Decision, 1:229-251, 1971. 6 33. "Comments on Simulation," in Michael Intriligator (ed.), Frontiers of Quantitative Economics. Amsterdam: North-Holland, 1971. 34. "A Process Analysis Model of the U.S. Steel Industry," with Che Tsao, Management Science, 17:B58888-B608, June 1971. 35. "Safety Margins and Profit Maximizing in the Theory of the Firm," with D. Aigner and K. Smith, Journal of , 79:1293-1301, November/December 1971. 36. "Profits, Learning and the Convergence of Satisficing to Marginalism," in K. Polde (ed.), Readings in , Prentice-Hall, 1973. Reprint of article by the same title in Quarterly Journal of Economics, 81:302-311, May 1967. 37. "Economic Decisions with L** Utility," with S.M. Robinson in J.L. Cochrane and M. Zeleny (eds.), Multiple Criteria Decision Making. The University of South Carolina Press, 1973. 38. "A Class of Dynamic Models for Describing and Projecting Industrial Development," with Jon Nelson, Journal of , May 1973. 39. "Recursive Programming Models: A Brief Introduction," in G. Judge and T. Takayama (eds.), Studies in Over Space and Time, North-Holland Publishing Company, 1973. 40. "A Sufficient Condition for Continuity of Optimal Sets in Mathematical Programming," with S.M. Robinson, Journal of and Applications, 45:506-511, February 1974. 41. "Myopic Optimizing and Rules of Thumb in a Micro Model of Industrial Growth," with S. Morley and K. Smith, American Economic Review, 64:11-23, March 1974. 42. "On System Dynamics," Behavioral Science, 19:260-271, July 1974. 43. "Estimating Single Nutrient Yield Response Surfaces for New Varieties with Limited Data," with I.J. Singh, Indian Journal of Agricultural Economics, 24:1-19, October-December 1974. 44. "On Some Models of World Cataclysm," with E.J.Koenig, Land Economics, 51:1-20. February 1975. 45. "A Dynamic Model of Regional Agricultural Development," with I.J. Singh, International Regional Science Review, 1, Spring 1975. 46. "Factor Utilization and Substitution in Economic Development: A Green Revolution Case Study," with I.J. Singh, Journal of Development Studies, April 1975. 47. "A Microeconomic Chronicle of the Green Revolution," with I.J. Singh, Journal of Economic Development and Cultural Change, 23, June 1975.

7 48. "Adaptive Processes and Economic Theory," in R. Day and T. Groves (eds.), Adaptive Economic Models, Academic Press, 1975. 49. "Orthodox and Existential Economics," Journal of Economic Issues, 9:229-235, June 1975. Reprinted in Samuels, Warren J. (ed.), The Methodology of Economic Thought, New Brunswick Transaction, Inc. 50. "Comparative Dynamics and Development Policy Analysis: The Recursive Programming Approach," in C.l Whyte (ed.), Proceedings Papers of the Regional and International Economic Development and Planning Conference, Bureau of Economic Research and Development, Virginia State College, Petersburg, Virginia, February 1976. 51. "Global Trends, World Models and Human Adaptation," in General Systems Theorizing: An Assessment and Prospects for the Future, Proceedings of the 1976 Annual North American Meeting of the Society for General Systems Research, Washington, DC, 1976.

52. "Notes on Adaptive Economic Theory," in Agricultural Change and Economic Method, co-authored and co-edited by R. Day, T. Heidhues, G. Johnson, M. Petit and U. Renborg. Published by the European Review of Agricultural Economics, pp. 235-264, 1976. 53. "Some Adaptive Models," ibid, pp. 323-348, 1976. 54. "Global Development," ibid, pp. 411-430, 1976. 55. "Myopic Optimizing, Economic Growth and the Golden Rule," with Yiu-Kwan Fan, Hong Kong Economic Papers, 10:12-20, October 1976. 56. "Recursive Linear Programs," with P.E. Kennedy, Keio Economic Studies, 13:1-11, 1976. 57. "Graphical Illustrations of Some Concepts in ," with P.E. Kennedy, Applied Mathematical Notes, 2:71-83, December 1976.

58. "Economic Optimization: A Nontechnical Survey," in L. Martin, et al. (eds.), Quantitative Methods in Agricultural Economics 1940's to 1950's, University of Minnesota Press, pp. 57-92, 1977. 59. "Optimization Models in Agricultural and Resource Economics: A Survey," ibid, pp. 93-127, 1977. 60. "Modelling Economic Change: The Recursive Programming Approach," Chapter 1 in Richard H. Day and Alessandro Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 61. "The Structure of Recursive Programming Models," Chapter 2 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978.

8 62. "Model Specification, Simulation, Estimation, and Evaluation," Chapter 3 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 63. "Behavioral, Suboptimizing Models of Industrial Production, Investment and Technological Change," with Masatoshi A. Abe, Jon P. Nelson and William K. Tabb, Chapter 4 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 64. "Cobweb Models with Explicit Suboptimization," Chapter 8 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 65. "A Cobweb Version of the Von Thunen Model," with Peter E. Kennedy and E. Herbert Tinney, Chapter 9 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 66. "Cautious Rolling Plans with Forecasting and Market Feedback," with Garriet P. Muller, Chapter 10 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 67. "A Generalized Cobweb Model for an Agricultural Sector," with Mohinder S. Mudahar, Chapter 11 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 68. "Economic Development and Migration," with Yiu-Kwan Fan, Chapter 16 in Day and Cigno (eds.), Modelling Economic Change, Elsevier North-Holland, Inc., 1978. 69. "Adaptive Economics and Economic Development," with Y.K. Fan, Journal of Economic Development, Vol. 3:733, July 1978. 70. "Adaptive Economic Theory and Modeling: A Review," in Castle (ed.), Contemporary Issues in Natural Resource Economics, Resource for the Future, Reprint 152. 71. "Adaptive Economics and Natural Resources," American Journal of Agricultural Economics, 60:1978, reprinted in Materials and Society, 2:189-195, 1978.

72. "Discussion" (of papers by Bower, Leibenstein and Winter), American Economic Review, 68:322-334, May 1978. 73. "Cautious Suboptimizing," Chapter 7 in Roumasset, James A., Jean-Marc Boussard and Indejit Singh (eds.), Risk Uncertainty and Agricultural Development, New York: Agricultural Development Council, 1979. 74. "Directions for Research on Economic Uncertainty," Chapter 21 in Roumasset, Boussard and Singh (eds.), ibid, 1979. 75. Preface and Editors Introduction, with N. Kamrany and R. Day (eds.), Economic Issues of the Eighties, Johns Hopkins Press, 1980. 76. "Technology, Population, and the Agro-Industrial Complex," Chapter 10 in Kamrany and Day, ibid, 1980.

9 77. "Homeostatic Trajectories for a Class of Adaptive Economic Systems," with Aubin, J.P., Journal of Economic Dynamics and Control, 2:185-203, 1980. 78. "Editorial," with S. Winter, Journal of Economic Behavior and Organization, 1:1-4, 1980. 79. "Erratic Accumulation," with J. Benhabib, Economic Letters, 6:113-117, 1980. 80. "Behavioral Rules and Sequences of Macroequilibria," with Y.K. Fan, Journal of Economic Behavior and Organization, 1:159-174, 1980. 81. "Dynamic Systems and Epochal Change," in J. Sabloff (ed.), Simulating the Past, Advanced Seminar Series, School of American Research, Albuquerque: New Mexico University Press, 1981. 82. "Understanding the Development of World Agriculture: Insights from Adaptive Economics," Proceedings of the Seventeenth International Conference of Agricultural Economists. Westmead: Gower Publishing Co., pp. 686-694, 1981. 83. "Adaptive Economics and the Dynamics of Urban-Regional Development," Chapter A4 in D. Kahn (ed.), Essays in Societal System Dynamics and Transportation: Report of the Third Annual Workshop in Urban and Regional Systems Analysis. U.S. Department of Transportation, Washington, DC, March 1981, No. DOT-TSC-RSPA-81-3. 84. "Emergence of Chaos from Neoclassical Growth," Geographical Analysis, 13:315-327, October 1981. 85. "Unstable Economic Systems," in B.E. Paulre (ed.), System Dynamics and the Analysis of Change, Amsterdam: North-Holland Publishing Co., pp. 513-62. Reprinted in 1981 Economic Notes, University of Siena, Italy, 10:3-17, 1981. 86. "Rational Choice and Erratic Behavior," with Jess Benhabib, Review of Economic Studies, 48:459-471, 1981. 87. "Complex Dynamics in Recursive Economizing Models," in The 20th IEE Conference on Decision and Control, New York: Institute of Electrical and Electronics Engineering, Vol. 3, pp. 1387-1392, 1981. 88. "On Economic Chaos: Irregular Fluctuations in Deterministic Economics," Part VI of National Bureau of Economic Research Conference Seminar on the Theory of General , Rapporteur's Report by Karl Dury and Nerovikor Singh, University of California, Berkeley, February 13-15, 1981. 89. "Complex Behavior in a Von Thunen Model," Proceedings of the 26th Annual Conference of the Society of General Systems Research, January 1982. 90. "Crisis and Structural Change in the Developing Agro-Industrial Complex," Chapter 19 in R. Day (ed.), Economic Analysis and Agricultural Policy, 1982. 91. "Preface for Economic Analysis and Agricultural Policy, Iowa State University, 1982.

10 92. "Instability in the Transition from Manorialism: A Classical Analysis," Explorations in , 19:321-338, 1982. 93. "Irregular Growth Cycles," American Economic Review, 72:406-414, June 1982. 94. "A Characterization of Erratic Dynamics in Overlapping Generations Model," with Jess Benhabib, Journal of Economic Dynamics and Control, 4:37-55, 1982. 95. "Complex Behavior in System Dynamics Models," Dynamica, 8:II Winter, pp. 82-89, 1982. 96. "The Emergence of Chaos from Classical Economic Growth," Quarterly Journal of Economics, May, pp. 201-213, 1983. Reprinted in O.F. Hamouda and J.C.R. Rowley (eds.), Foundations of Probability, Econometrics and Economic Games, Edward Elgar Publishing, 1996. 97. "Forecasting Is Not An Exact Science," Economic Outlook, Spring, pp. 12-13, 1982. 98. "Systems, Information and Economics," in F. Machlup and U. Mansfield (eds.), The Study of Information: Interdisciplinary Messages, John Wiley & Sons, 1983. 99. "Adaptive Economics," in R. Crosby (ed.), Cities and Regions as Nonlinear, Dynamic Systems, American Association for the Advancement of Science, Selected Symposium 77, Westview Press, 1983. 100. "Farm Decisions, Adaptive Economics, and Complex Behavior in Agriculture," in K.H. Baum and L.P. Schertz (eds.), Modeling Farm Decisions for Policy Analysis, Boulder: Westview Press, 1983. 101. "Disequilibrium Economic Dynamics: A Post-Schumpeterian Contribution," Journal of Economic Behavior and Organization, 5, 57Ð76, 1984. 102. "Discontinuous Economic Change," Chapter 4 in Gerald R. Stairs (ed.), Global Modelling and Discontinuous Change, Duke University, Center for International Studies, 1984. 103. "Micro-Macro Dynamics and Complicated Economic Behavior," in Risk Analysis for Agricultural Production Firms: Concepts, Information Requirements and Policy Issues, University of Illinois at Urbana-Champaign, July 1984. 104. "Dynamical Systems Theory and Complicated Economic Behavior," Environment and Planning B: Planning and Design, 12, pp. 55-64, 1985. 105. "The Complex Dynamics of Farm Growth," in H. de Haen, G.L. Johnson, and S. Tangermann, Agriculture and International Relations, London: The Macmillan Press, Ltd., 1985. 106. "Keynesian Chaos," with Wayne Shafer, Journal of Macroeconomics, 7:277-295, Summer 1986. 107. "Unscrambling the Concept of Chaos Through Thick and Thin: Reply," Quarterly Journal of Economics, pp. 25-26, May 1986.

11 108. "Adaptive Economizing, Technological Change and the Demand for Labour Disequilibrium," with K. Hanson, Chapter 16 in P. Nijkamp (ed.), Technological Change, and Spatial Dynamics, Berlin: Springer Verlag, pp. 301-322, 1986. 109. "Economic Behavior, Disequilibrium and Structural Change: From Micro Force to Macro Effect," with G. Eliasson, Chapter 1 in Day and Eliasson (eds.), The Dynamics of Market Economies, North-Holland Publishing Co., 1986. 110. "On Endogenous Preferences and Adaptive Economizing," A Note, in Day and Eliasson (eds.), op. cit. 111. "Comments on papers by Clower, Friedman and Benassy in Day and Eliasson (eds.), op. cit. 112. "The Evolving Economy," European Journal of Operations Research, (Special issue in honor of the physicist Robert Herman), 30:251-257, 1987. 113. "Instability in Rural-Urban Migration," with S. Dasgupta, S. Data and J. Nugent, Economic Journal, December 1987. 114. "A Note on Nonperiodic Demoeconomic Fluctuation with Positive Measure," with K.H. Kim, Economic Letters, 23:251-256, 1987. 115. "The General Theory of Disequilibrium Economics and of Economic Evolution," in D. Batten, J. Casti and B. Johansson (eds.), Lecture Notes in Economics and Mathematical Systems: Economic Evolution and Structural Adjustment, Springer-Verlag, pp. 46-63, 1987. 116. "Ergodic Fluctuations in Deterministic Economic Models," with W. Shafer in A. Medio (ed.), Advances in Dynamic Economics, (Special issue of the Journal of Economic Behavior and Organization), 8:3, pp. 339-362, 1987. 117. "Erratic Dynamics in an Overlapping Generations Models," with K.H. Kim, The Korean Economic Review, Vol.2, 1987. 118. "Comparative Monetary and Fiscal Policy Dynamics," in E. Nell and W. Semmler (eds.), Financial Dynamics and Business Cycles: New Perspectives, M.E. Sharpe, Inc., Armonk, New York, pp. 119-144, 1989. 119. "Complex Demoeconomic Dynamics," with Kyoo-Hong Kim and Diane Macunovich in Journal of Population Economics, 2:139-159, 1989. 120. "Economic Growth in the Very Long Run: On the Multiple-Phase Interaction of Population, Technology, and Social Infrastructure," with Jean-Luc Walter, Chapter 11 in W. Barnett, J. Geweke, K. Shell (eds.), Economic Complexity: Chaos, Sunspots, Bubbles and Nonlinearity, Cambridge University Press, Cambridge, 1989. 121a. "Bulls, Bears and Market Sheep," with Weihong Huang, Journal of Economic Behavior and Organization, 14, 299Ð329, 1990. 121b. "Editorial: Guy H. Orcutt and Economic Science," Journal of Economic Behavior and Organization, 14, 1-3, 1990. 12 122. "Economizing Economizing," with Mark Pingle in the Handbook of , Vol.2B, JAI Press, Inc., Greenwich, CT, 1991. 123. "Cobweb Chaos," with Kenneth Hanson, in T.K. Kaul and J.K. Sengupta (eds.), Contributions to Economic Analysis. Economic Models, Estimation, and Socioeconomic Systems: Essays in Honor of Karl Fox, pp. 175Ð192, North- Holland Publishing Co., Amsterdam, 1991. 124. "Statistical Dynamics and Economics," with G. Pianigiani, Journal of Economic Behavior and Organization, 16, 37Ð83, 1991. 125. "Infrastructure, External Diseconomies and Turbulent Economic Growth," Journal of Economic Development, Volume 16, No. 2, December 1991. 126. "A Keynesian Business Cycle," with T.Y. Lin in E.J. Nell and W. Semmler (eds.), Nicolas Kaldor and ., pp. 281Ð305, St. Martin's Press, New York, 1992. 127. "A Real Growth Cycle with Adaptive Expectations," with T.Y. Lin and Raymond Tse, in Dimitri B. Papadimitrious (ed.), Profits, Deficits and Instability, Macmillan Press, New York, 1992. 128. "Complex Economic Dynamics: Obvious in History, Generic in Theory, Elusive in Data," Journal of Applied Econometrics, 7, 10Ð23, 1992. 129. "An Adaptive, Neoclassical Model of Growth Fluctuations" with T.Y. Lin, Chapter 10 in A. Vercelli and N. Dimitri (eds.), Macroeconomics: A Survey of Research Strategies, Oxford University Press, New York, 1992. 130. "Chaos and Evolution in Economic Processes," in K. Velupillai (ed.), Nonlinearities, Disequilibria and Simulation: Essays in Honour of Björn Thalberg, Macmillan Press Ltd., London, 1992. 131. "Comments on Lance Taylor, "Growth and Development in Developed Countries: A Gap Model Approach," in K. Velupillai (ed.), Nonlinearities, Disequilibria and Simulation: Essays in Honour of Björn Thalberg, Macmillan Press Ltd., London, 1992.

132. "Markets for Innovation, Ownership and Control: Toward a Synthesis," with G. Eliasson and C. Wihlborg, in R. Day, G. Eliasson, and C. Wihlborg (eds.), The Markets for Innovation, Ownership and Control, North Holland Publishing Co., Amsterdam, 1993. 133. "Bounded Rationality and the Coevolution of Market and State," in R. Day, G. Eliasson, and C. Wihlborg (eds.), The Markets for Innovation, Ownership and Control, North Holland Publishing Co., Amsterdam, 1993. 134. "A Note: On Financial Feedback, Cost Competition and Market Stability," in R. Day, G. Eliasson, and C. Wihlborg (eds.), The Markets for Innovation, Ownership and Control, North Holland Publishing Co., Amsterdam, 1993.

13 135. "Nonlinear Dynamics and ," Chpt. 3 in P. Chen and R. Day (eds.), Nonlinear Dynamics and Evolutionary Economics, Oxford University Press, New York, 1993. 136. "Chaotically Switching Bear and Bull Markets: The Derivation of Stock Price Distributions from Behavior Rules," with Weihong Huang, in P. Chen and R. Day (eds.), Nonlinear Dynamics and Evolutionary Economics, Oxford University Press, New York, 1993. 137. "On the Origins of Experimentation in Economics," in R. Day and V. Smith (eds.), Experiments in Decision, Organization and Exchange, North Holland Publishing Co., Amsterdam, 1993. 138. "Turbulent Human Evolution," with L. Powell, Z. Wang, and G. Zou, World Futures, 37,129Ð149, 1993. 139. "Evolution in Economic Processes: Introductory Remarks," Structural Change and Economic Dynamics, 4, 1Ð8, 1993. 140. "Infrastructure, Restricted Factor Substitution and Economic Growth," with Gang Zou, Journal of Economic Behavior and Organization, 23, 149Ð166, 1994. 141. "Business Cycles, Fiscal Policy and Budget Deficits," in W. Semmler (ed.), Business Cycles: Theory and Empirical Methods, Chpt. 4, pp. 113Ð143, Kluwer Publishing Co., New York, 1994. 142. "Do Economies Diverge?," G. Silverberg and L. Soete (eds.), The Economics of Growth and Technological Change: Technologies, Nations, Agents, Chpt. 4, pp. 45Ð63, Edward Elgar Publishers, Hants, UK, 1994. 143. "MultipleÐPhase Economic Dynamics," T. Maruyama and W. Takahashi (eds.), Nonlinear and Convex Analysis in Economic Theory: Lecture Notes in Economics and Mathematical Systems, SpringerÐVerlag, Berlin, 419, 25Ð45, 1995. 144. "L'économie hors de l'équilibre," presented at the LATAPSES Conference in SophiaÐAntipolis, 1994, Revue Économique, 46, 1461Ð1472, 1995.

145. "Rationality, Entrepreneurship and Institutional Evolution," Revue Économique, 46, 1473Ð1486, 1995. 146. "Balanced Budgets: Economic Nirvana or Fiscal Chaos?," Contemporary , XIV, 15Ð25, April 1996. 147. "Modes of Economizing Behavior: Experimental Evidence" with Mark Pingle, presented at the AEA Meetings in Boston, January, 1994, Journal of Economic Behavior and Organization, 29, 2, 191—209, 1996. 148. "Satisficing Multiple Preferences In and Out of Equilibrium," Chapter 1 in R. Fabella and E. de Dios (eds.), Choice, Growth and Development: Emerging and Enduring Issues, Essays in Honor of José Encarnación, University of the Philippines Press, Quezon City, The Philippines, 1996.

14 149. "Classical Economic Growth Theory: A Global Bifurcation Analysis" with Min Zhang, T. Puu (ed.), Chaos, Solitons and Fractals, 7, 12, 1969Ð1988, 1996 150. "Ideas and Work of Richard M. Cyert," with Shyam Sunder, Journal of Economic Behavior and Organization, 31, 139Ð148, 1996. 151. "Competitive Disequilibrium and Market Mediation with Brief Reflections on the Foundations of Dynamic Economics," Taiwan Journal of Political Economy, 2, 1-20, 1996. 152. "Complex Dynamics, Market Mediation and Stock Price Behavior," North American Actuarial Journal, 1, 3, 6Ð23, July 1997. 153. "Infrastructure in an Adaptive Economizing Model of Economic Growth," with Zhigang Wang and Min Zhang, Lecture Notes in Economics and Mathematical Systems: NonÐLinear Dynamics and Endogenous Cycles, G. AbrahamÐFrois (ed.), SpringerÐVerlag, Berlin, 1998. 154. "Bounded Rationality and firm Performance in the Experimental Economy," Microfoundations of Economic Growth: A Schumpeterian Perspective, G. Eliasson, C. Green and C. McCann (eds.), University of Michigan Press, Ann Arbor, MI, 1998, 119Ð130. 155. "An Evolutionary Theory of Democratic , " The Limits of Government: On Policy Competence and Economic Growth, Papers from the Sixth Conference of the International Joseph A. Schumpeter Society in Stockholm, G. Eliasson and N. Karlson (eds.), City University Press, Stockholm, 1998. 156. "Bounded Rationality Modelling," with Bertrand Munier, et al., in Gilles Laurent (ed.), Marketing Letters, pp. 103Ð135, 1998. 157. Forward to Interest, Growth and Inflation, by John Burr Williams, Fraser Publishing, 1999. 158. "Economics, the State, and the State of Economics," in P. Earl and S. Dow (eds.), Contingency, Complexity, and the Theory of the Firm: Essays in Honor of Brian Loasby, Edward Elgar, Cheltenham, UK, Vol. 2, Chapter 14, pp. 279- 286, 1999. 159. "Towards a Dynamical Economic Science," in A. Heertje (ed.), Makers of Modern Economics, Edward Elgar, Cheltenham, UK, pp. 1-31, 1999. 160. Forward to The Dynamics of Keynesian Monetary Growth: Macro Foundations, by Carl Chiarella and Peter Flaschel, Cambridge University Press, Cambridge, UK, 2000. 161. "Economics in the Spirit of Minsky," in Ricardo Bellofiore and Piero Ferri (eds.), Financial Keynesianism and Market Instability: The Economic Legacy of Hyman Minsky, pp. 33--34, Edward Elgar, Cheltenham, UK, 2001. 162. "The Phillips Curve, Regime Switching, and the NAIRU," with P. Ferri and E. Greenberg, Journal of Economic Behavior and Organization, 46, 23--38, 2001. 15 163. "Bounded Rationality and Firm Performance in the Experimental Economy," in C. Green and G. Eliasson (eds.), Microfoundations of Economic Growth: A Schumpeterian Perspective, University of Michigan Press, Ann Arbor, MI, 2001. 164. "Adapting, Learning and Economizing," Chapter 9 in Kurt Dopfer (ed.), Evolutionary Economics: Program and Scope, Kluwer Academic Publishers, Boston, MA, 2001. 165. "Qualitative Dynamics and Macroeconomic Evolution in the Very Long Run," with Oleg V. Pavlov, Chapter 4 in L. Punzo (ed.), Cycles, Growth and Structural Change, Routledge, London, 2001. 166. "On the Statistical Properties of Ergodic Economic Systems,'' with Weihong Huang, Discrete Dynamics in Nature and Society, 6, 3, pp. 181-189, 2001. 167. "Adapting, Learning, Economizing and Economic Evolution," Chapter 10 in James March and Mie Augier (eds.), The Economics of Choice, Change and Organization: Essays in Honor of Richard M. Cyert, Edward Elgar Publishing, 2002. 168. "Richard Goodwin's Keynesian Cobweb: Theme and Variations," with Oleg V. Pavlov, Journal of Macroeconomics, 24, 1, 2002. 169. “Economics Far From Equilibrium,” Chapter 11 in R.H. Day (ed.), The Divergent Dynamics of Economic Growth: Studies in Adaptive Economizing, Technological Change, and Economic Development, Cambridge University Press, Cambridge, 2004. 170. “An Adaptive Economizing Analysis of Chinese Enterprises Under Alternative Reform Regimes,” with Zhigang Wang and Gang Zou, Chapter 7 in R.H. Day (ed.), The Divergent Dynamics of Economic Growth: Studies in Adaptive Economizing, Technological Change, and Economic Development, Cambridge University Press, Cambridge, 2004. 171. "Consilience, Economic Theory and the Legacy of Herbert A. Simon," in James March and Mie Augier (eds.), Models of a Man: Essays in Memory of Herbert A. Simon, The MIT Press, London, 2004.

172. “ and the Foundations of Economic Science: Comments in Memory of Illya Prigogine,” Discrete Dynamics in Nature and Society, Volume May, 2004: 91-99. 173. “John Elliott: In Memory of a Classic Scholar,” American Review of Political Economy, June 2004. Volume 2: 1-4. 174. "Computing Economic Chaos," with Oleg Pavlov, , June 2004, 23: 289-301. 175. “Behavioral Economics: Implications for Economic Theory and Policy,” Journal of Socio-Economics, 33:715-724, 2005.

16 176. “Adaptive Economizing and Financial Feedback in Pure Competition,” Applied Mathematics and Computation, 164:435-451, 2005. 177. “The Multiple Phase Theory of Macroeconomic Evolution,” M. Salzano and A. Kirman (eds.), Economics: Complex Windows, Springer Verlag, Italia, 43- 64, 2005. 178. “A Dynamic Analysis of the Bush Fiscal Policy,” with Chengyu Yang, Proceedings of the Ninth International Conference, Difference Equations and Discrete Dynamical Systems, 11-26, 2005. 179. ““Behavioral Economics, Competitive Equilibrium and Multiple Phase Dynamics in an Abstract Adaptive Society: Remarks in Honor of Jean-Pierre Aubin,” Journal of Convex Analysis and Applications, Volume 13, 2005. 180. “Economic Growth and Revealed Social Preference,” with Chengyu Yang, Craig Hoemstra Memorial Lecture, Studies in Nonlinear Dynamics and Econometrics, The Berkeley Electronic Press, 2005. 181. “Sustainable Standards of Living in Economic Growth,” with Herbert Dawid, Journal of Economic Dynamics and Control, 2006. 182. “Microeconomic Foundations for Macroeconomic Structure, Papers on Economics and Evolution, Max Planck Institute for Economics, Jena, 2006.

Forthcoming Publications “The Mechanisms of Economic Evolution: Completing Schumpeter’s Theory,” Hanusch and Pyka (eds.), forthcoming.

Other Writings “The Technology Evolving Culture: Character and Consequence,” 2006 “From Keynes to Solow to Optimal Growth: An Encompassing Macroeconomic Theory of Monetary and Fiscal Policy,” with Laurent Cellarier and Chengyu Yang, 2006

“Bounded Rationality, Market Mediation and Institutional Evolution,” 2005. “The Complex Problem of Modeling Economic Complexity,” 2005. “Science, Religion, Revelation and Symbolic Knowledge,” 2005. “Taxes, Deficits and Unemployment or How Did We Get Into This Fine Mess—and What Should Be Done About It?” 2003 “Behavioral Foundations for Micro, Messo and Macro Economic Theory,” "Heterogeneity and the Microfoundations of Macroeconomics," 2000.

17 "Hayek's Vision of the Democratic Market Economy," Friedrich A. von Hayek Centennial Conference, USC, 1999. "Macroeconomic Evolution: Long Run Development and Short Run Policy," presented at Interdisciplinary Colloquium on Mathematics in the Behavioral Science at UCLA, 1996. "The Adaptive, Evolutionary Theory of Democratic Capitalism," presented at the WEA program in Vancouver, BC honoring Armen Alchian, 1994. "Adaptive Economizing and Structural Change in Economic Growth," with Zhigang Wang. "Tax Revenue and the Deficit: A Keynesian Reconsideration," with A. Mentcherian.

Invited Lectures 2006

“On Sustainable Growth and Collapse: Optimal and Adaptive Paths,” 14th Annual Symposium of the Society for Nonlinear Dynamics and Econometrics, Washington University, St. Louis, MO, 24 March 2006. “Innovation and Investment: Structural Change and Social Implications,” Plenary address, International Schumpeter Society, NiceÐSophiaÐAntipolis, 22 June 2006. “The KennedyÐReaganÐBush Tax Policy Paradox: Theory and Policy Implications,” Central Florida University, 10 November 2006. “Life Style Paradigms, Social Welfare and the Categorical Imperative,” Plenary address, Honorary Symposium for Professor Ulrich Witt, FriedrichÐSchillerÐUniversity, Jena, 13 November 2006.

18 II. BOOKS Authored or Coauthored Recursive Programming and Production Response, North-Holland Publishing Company, 1963. Based on Ph.D. dissertation; pp.xiv, 226. Economic Development as an Adaptive Process: A Green Revolution Case Study, with I.J. Singh, Cambridge University Press, 1977. Sistemas Dinamicos Complejos (translated by J. Marques), Academia Mexicana de Ingeneria, Mexico City, 1986. Complex Economic Dynamics, Volume I, An Introduction to Dynamical Systems and Market Mechanisms, The MIT Press, Cambridge, MA, 1994. Complex Economic Dynamics, Volume II, An Introduction to Macroeconomic Dynamics, The MIT Press, Cambridge, MA, 2000. The Divergent Dynamics of Economic Growth: Studies in Adaptive Economizing, Technological Change and Economic Development, Cambridge University Press, 2004. Macroeconomic Theory and Public Policy: A Unified Approach, in process.

Edited Mathematical Topics in Economic Theory and Computation, edited with S.M. Robinson, Society and Industrial and Applied Mathematics, 1972. Adaptive Economic Models, edited with T. Groves, Academic Press, 1975. Modelling Economic Change: The Recursive Programming Approach, written and edited by R. Day and A. Cigno with contributions by others. North-Holland Publishing Company, 1978.

Economic Issues of the Eighties, co-edited with N. Kamrany, Johns Hopkins Press, 1980. Economic Analysis and Agricultural Policy, Iowa State University Press, 1982. The Dynamics of Market Economies, edited with G. Eliasson, North-Holland Publishing Co., 1986. The Markets for Innovation, Ownership and Control, edited with G. Eliasson and C. Wihlborg, North-Holland Publishing Co., 1993. Nonlinear Dynamics and Evolutionary Economics, edited with P. Chen, Oxford University Press, New York, 1993.

19 Experiments in Decision, Organization and Exchange, edited with V. Smith, North Holland Publishing Co., Amsterdam, 1993

III. BOOK REVIEWS Cyert and March, A Behavioral Theory of the Firm, in Econometrica, pp. 461-465, July 1964. Suits, An Introduction to Quantitative Research, in Econometrica, pp. 467-468, July 1964. Oury, A Production Model for Wheat and Feed Grains in France (1946-1961), in Econometrica, pp. 785-876, September 1970. Goldman, Ecology and Economics, in Transactions American Fisheries Society, Volume 102. Bahr, Chadwick and Thomas, Population, Resources and the Future, in Transactions American Fisheries Society, Volume 103. J.W. Forrester, World Dynamics, D.L. Meadows, D.H. Meadows, Jorgen Randers, William W. Behrens III, The Limits to Growth, D.L. Meadows and D.H. Meadows (eds.), Towards Global Equilibrium: Collected Papers in American Journal of Agricultural Economics, January 1974. David Seckler, Thorstein Veblen and the Institutionalists: A Study in the Social Philosophy of Economics, in Land Economics. Herbert A. Simon, Reason in Human Affairs, in Journal of Economic Literature, 23:102-105, March 1985. Robert Anderson, , and David Pines, The Economy as an Evolving Complex System, in Journal of Economic Literature , 24:78-136, March 1991. Richard M. Goodwin, Chaotic Economic Dynamics, Journal of Economic Dynamics and Control, 16, 389Ð390, 1992.

Robert E. Lucas, Jr., Models of Business Cycles, Structural Change and Economic Dynamics, in the journal, Structural Change and Economic Dynamics, June, 1992. Nonlinear and Multisectoral Macrodynamics: Essays in Honor of Richard Goodwin, edited by K. Velupillai, Journal of Economic Literature, 30, 901Ð902, 1992. John L. Casti, The Science of Non Predictability: Searching for Certainty, in Journal of Economic Dynamics and Control, 17, 519Ð522, 1993. Geoffrey M. Hodgson, Economics and Evolution: Bringing Life Back into Economics, in Journal of Economic Literature, 33, 5Ð6, 1995.

20 Lombardini, Siro, Growth and Economic Development, Journal of Economic Literature, XXXV (September), 1997 Michio Morishima, Dynamic Economic Theory, Journal of Economic Literature, 1998.

IV. REPORTS

"Simple Methods for Estimating Certain Nonlinear Functions with Emphasis on Agricultural Data," U.S. Department of Agriculture, p. 32, 1963. "Allocation of Weapons to Target Complexes by Means of Nonlinear Programming," General Electric, p. 55, November 1963. "GPM/90: A Computer Program for Maximizing Nonlinear Functions Subject to Linear Constraints," with G.B. Rogers, General Electric, p. 119, November 1963. "Introductory Notes on Nonlinear Programming," General Electric, p. 59, November 1963. Linear Programming and Related Computations: A Guide to USDA LP. 90, U.S. Department of Agriculture, pp. xii, 273, 1964 "Western Wisconsin Agriculture," with Milton G. Mitchell, Social Systems Research Institute, pp. 171, 1966. "CODAS: A Customer Oriented Retrieval, Processing and Display Program, User's Manual," with Michael K. Mansfield, SSRI Programming Series No. 4, June 1967. "CDM4-RLP: A Program for Solving Recursive Linear Programming Models on the CDC 3600 Computer," with E. Herbert Tinney and Peter Wolfe, SSRI Programming Series No. 1, March 1967. "SIPS: A Socioeconomic Information Processing Service," with Max Ellis and Joe Swanson, Social Systems Research Institute, November 1968. "Field Crop Technology in the Punjab, India," with I.J. Singh and S.S. Johl, Social Systems Research Institute, November 1968. "Impact Studies of Industrial Growth in Small Communities," with R. Iyengar and M. Lindsay, December 1969. " Information System: CODAS," with M. Ellis, M. Mansfield, and L. Quinn, prepared for R.S. Ledley (ed.), Computer Programming Handbook, McGraw-Hill. RLP PROCESSOR, with G. Muller and K. Hollenbeck, Offset. Technical Summary Report, Mathematics Research Center, February 1973.

21 "Diffuse Agricultural Pollution: The Economic Analysis of Alternative Controls," with Robert Schneider, Water Resource Center, University of Wisconsin, Technical Report, WIS WRG 76-02, 1976. Simple Models with Feedback Features, Electric Power Research Institute, EPRI EA-1357, March 1980. (With Contributions by others.) Decisions Methodology Relative to the Adoption of New Technology, Electric Power Research Institute, 1982. (With contributions by others.) "Exploratory Research on Business Utility Planning," Electric Power Research Institute, 1989. "Infrastructure," with Pascale JoassartÐMercelli, section in Atlas of Southern California, Volume 2, 1998. "Infrastructure, Productivity and Social Dysfunction in Southern California," with Pascale JossartÐMercelli, Final Report, Southern California Studies Center, 1998.

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