We establish differential-algebraic theory of the Mumford dynamical system. In the framework of this theory, we introduce the -recursion, which defines a sequence of functions given the first function of this sequence and a sequence of parameters . The general solution of the -recursion is shown to give a solution for the parametric graded Korteweg–de Vries hierarchy. We prove that all solutions of the Mumford dynamical -system are determined by the -recursion under the condition , which is equivalent to an ordinary nonlinear differential equation of order for the function . Reduction of the -system of Mumford to the Buchstaber–Enolskii–Leykin dynamical system is described explicitly, and its explicit -parameter solution in hyperelliptic Klein functions is presented.

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