Impact of Science on Economic Growth and its Cycles
The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
Häftad, Engelska, 1998
Av Arvid Aulin
739 kr
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Fri frakt för medlemmar vid köp för minst 249 kr.The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.
Produktinformation
- Utgivningsdatum1998-09-17
- Mått155 x 235 x 13 mm
- Vikt341 g
- FormatHäftad
- SpråkEngelska
- SerieLecture Notes in Economics and Mathematical Systems
- Antal sidor204
- FörlagSpringer-Verlag Berlin and Heidelberg GmbH & Co. KG
- ISBN9783540647270