Arvid Aulin

Foundations of Economic Development

• Broschiertes Buch

Produktbeschreibung

DYNAMIC ECONOMICS with increasing returns is extended tocope with economic growth, the business cycles and theirregular swings in the long-term development as differentaspects of the same dynamical system, the economic system"as a whole".HUMAN CAPITAL emerges as the seminal concept: economicgrowth is in this dynamics causally reduced to the growth ofhuman capital and thus to the growth of exact scientificknowledge. An analysis of this knowledge shows that qualityeducation in hard sciences must be a prime target of futureeconomic policies.A CAUSAL STRUCTURE, new in economics, underlies the extendeddynamics. To enable students to study and to improve it, adetailled introduction to nonlinear causality is given,emphasizing the points relevant to this causal structure.NATIONAL ACCOUNTING and input-output dynamics are suggestedto be extended to include also the production prices andproduction of human capital andof human time, by using amethod of calculation indicated in detail in the book.

Produktdetails

• Verlag: Springer / Springer Berlin Heidelberg / Springer, Berlin
• Artikelnr. des Verlages: 978-3-642-77594-9
• Softcover reprint of the original 1st ed. 1992
• Seitenzahl: 392
• Erscheinungstermin: 16. Dezember 2011
• Englisch
• Abmessung: 242mm x 170mm x 22mm
• Gewicht: 669g
• ISBN-13: 9783642775949
• ISBN-10: 3642775942
• Artikelnr.: 36120543

Autorenporträt

The subject of this book is an extension of dynamic economics with increasing returns, in search of a post-socialist political economy. The method of strictly causal analysis based on dynamical systems makes it possible to represent different aspects of economic behaviour in a single dynamical system.

Inhaltsangabe

I. Human Capital: The Fundamental Concept.- 1. Science and Human Capital.- 2. Enemies of Human Capital.- 3. The Nature of Exact Science.- II. Nonlinear Causality: An Introduction to Higher Analysis of Causal Processes.- 4. Mathematical Dynamics as the Fundamental Method of Causal Science.- 5. Developmental Stages of Mathematical Dynamics.- 6. Causality in Bounded Dynamics: Full Predictability Or Chaos.- 7. Causality in Unbounded Dynamics: Self-steering.- III. Economic Causality: The Reduction to Human Capital.- 8. Extended Input-Output Dynamics and the Concept of National Economy.- 9. The Neoclassical Tradition.- 10. Fundamental Economic Causality: A Generalized Lucasian Dynamics.- IV. The Politico-Cultural Causality of Human Capital.- 11. On the Mathematical Dynamics of Human Action.- 12. The Politico-cultural Factors of Human Capital.- References.- Addendum: The Business Cycles Revisited.