Business & Economics Books:

The Impact of Science on Economic Growth and its Cycles

The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
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Paperback / softback
$135.99
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Description

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.
Release date Australia
September 17th, 1998
Author
Audience
  • Professional & Vocational
Edition
Softcover reprint of the original 1st ed. 1998
Illustrations
IX, 204 p.
Pages
204
Dimensions
156x234x11
ISBN-13
9783540647270
Product ID
12886903

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