Indeterminacy in Economic Models Linked to Labour External Effects.
The article explores how small changes in the relationship between capital and labor can lead to unpredictable economic outcomes. By studying a model with specific preferences and external effects, the researchers found that fluctuations in the economy can occur due to labor-related factors, but not capital-related ones. This means that slight imperfections in the market, combined with certain economic conditions, can cause unexpected changes in the economy.