%0 Journal Article
%T Steindl on Stochastic Processes
%A Marcella Corsi
%J PSL Quarterly Review
%D 2012
%I Associazione Paolo Sylos Labini
%X Steindl¡¯s work on stochastic processes aims to describe the economy as in a state of imbalance, due to the fact that its starting conditions are an accident of history, and nobody has a clue what tomorrow will bring. This does not mean that we cannot imagine a balanced distribution ¨C when the various forces of change are constant ¨C as a way of pointing out certain fundamental characteristics. Such a purpose is compatible with the use of stochastic models, because these also entail the study of systematic phenomena. In fact, what we often describe as ¡®random¡¯ is the result of lots and lots of independent forces acting together on a particular phenomenon.
%K Stochastic models
%K forces of change
%K Pareto distribution
%K history matters
%U http://ojs.uniroma1.it/index.php/PSLQuarterlyReview/article/view/10096/9985