In this paper we consider the dynamical system involved by the Ricci operator on the space of Kähler metrics of a Fano manifold. Nadel has defined an iteration scheme given by the Ricci operator and asked whether it has some non-trivial periodic points. First, we prove that no such periodic points can exist. We define the inverse of the Ricci operator and consider the dynamical behaviour of its iterates for a Fano Kähler–Einstein manifold. Then we define a finite-dimensional procedure to give an approximation of Kähler–Einstein metrics using this iterative procedure and apply it on ℂℙ2 blown up in three points.