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Introduction into Capital Theory: A Neo-Austrian Perspective
Gunter Stephan
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Description for Introduction into Capital Theory: A Neo-Austrian Perspective
hardcover. This text examines the results of capital theory in a coherent framework. Emphasis is placed on infinite horizon and overlapping generations economics. Between pure and applied economic theory, the structure of the theoretical approach is integrated in a computable general equilibrium model. Num Pages: 293 pages, 4 black & white tables, biography. BIC Classification: KCA; KCH. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 19. Weight in Grams: 609.
Capital theory is a cornerstone of modern economics. Its ideas are fundamental for dynamic equilibrium theory and its concepts are applied in many branches of economics like game theory, resource and environmental economics, although this may not be recognized on a first glance. In this monograph, an approach is presented, which allows to derive important results of capital theory in a coherent and readily accessible framework. A special emphasis is given on infinite horizon and overlapping generations economics. Irreversibility of time, or the failure of the market system appear in a different light if an infinite horizon framework is applied. ... Read more
Capital theory is a cornerstone of modern economics. Its ideas are fundamental for dynamic equilibrium theory and its concepts are applied in many branches of economics like game theory, resource and environmental economics, although this may not be recognized on a first glance. In this monograph, an approach is presented, which allows to derive important results of capital theory in a coherent and readily accessible framework. A special emphasis is given on infinite horizon and overlapping generations economics. Irreversibility of time, or the failure of the market system appear in a different light if an infinite horizon framework is applied. ... Read more
Product Details
Format
Hardback
Publication date
1995
Publisher
Springer Germany
Number of pages
293
Condition
New
Number of Pages
293
Place of Publication
Berlin, Germany
ISBN
9783540593508
SKU
V9783540593508
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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