Wilhelm E. Krelle

Economics and Ethics 1 (eBook, PDF)

The Microeconomic Basis

• Format: PDF

Produktbeschreibung

A presentation of the basic models of the most important economic agents (households, firms, the banking system etc.). The influence of ethics on the decisions of persons is discussed within the context of mutual influences of one person on another. It is shown that this leads to a Markov chain which converges to a final situation which in many cases is independent of the initial conditions. The book helps the reader to understand the interdependence of humanities and economics and how to model this interdependence in economics.

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Produktdetails

• Verlag: Springer Berlin Heidelberg
• Seitenzahl: 342
• Erscheinungstermin: 6. Dezember 2012
• Englisch
• ISBN-13: 9783540247333
• Artikelnr.: 53325628

Autorenporträt

Wilhelm Krelle, University of Bonn, Germany

Inhaltsangabe

The Theory of the Household.- The Theory of the Firm.- The Theory of the Banking System.- The Educational System, Development and Research.- The Theory of the Government.- Determination of the Wage Rates.- The Theory of the Price of Securities and of the Interest Rates.- A Final Remark.