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The Origins of Economic Growth: The Fundamental Interaction between Material and Nonmaterial Values
Arvid Aulin
€ 66.52
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Description for The Origins of Economic Growth: The Fundamental Interaction between Material and Nonmaterial Values
Paperback. Num Pages: 234 pages, 18 black & white tables, biography. BIC Classification: KC. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 13. Weight in Grams: 387.
This book deals with factors affecting economic growth in knowledge-based societies. It is shown that the interaction between material and nonmaterial values is the ultimate source of all economic growth including business cycles. The model developed predicts the quantitative facts concerning the business cycles better than the conventional real-cycle models. It also produces, besides the balanced-growth path, another growth path whose existence is verified by empirical facts. The results give strong evidence of the economic relevance of nonmaterial values. They also prompt a new vision of the stochastic elements in the business cycles. Nonmaterial values are analysed, and their interaction ... Read more
This book deals with factors affecting economic growth in knowledge-based societies. It is shown that the interaction between material and nonmaterial values is the ultimate source of all economic growth including business cycles. The model developed predicts the quantitative facts concerning the business cycles better than the conventional real-cycle models. It also produces, besides the balanced-growth path, another growth path whose existence is verified by empirical facts. The results give strong evidence of the economic relevance of nonmaterial values. They also prompt a new vision of the stochastic elements in the business cycles. Nonmaterial values are analysed, and their interaction ... Read more
Product Details
Format
Paperback
Publication date
2011
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
234
Condition
New
Number of Pages
234
Place of Publication
Berlin, Germany
ISBN
9783642645204
SKU
V9783642645204
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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