Capital and Credit

- A New Formulation of General Equilibrium Theory

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Capital and Credit
  • Leveringstid 2-3 uger
  • Forventet levering 11-12-2019
Format:
Bog, hardback
Udgivelsesdato:
08-10-1992
Sprog:
Engelsk
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Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.

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Udgivelsesdato:
08-10-1992
ISBN13:
9780521418409
Vægt:
500 g
Dybde:
16 mm
Bredde:
152 mm
Højde:
229 mm
Format:
Hardback
  • Forfattere

  • Bibliotekernes beskrivelse

    Provides a much needed synthesis of growth and monetary theory, drawing on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.

Vis mereVis mindre

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