Capital and Credit: A New Formulation of General Equilibrium Theory - Brossura

Morishima, Michio

Brossura

ISBN 10: 0521466385 ISBN 13: 9780521466387

Casa editrice: Cambridge University Press, 1994

Riassunto

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.

Su questo libro

Descrizione del libro:

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.

Contenuti:

Preface; 1. Introduction; 2, Capitalist production; 3. Production possibility set; 4. Temporary equilibrium; 5. Stability and motion; 6. Innovations and financing; 7. Monetary disequilibrium; 8. Summary and perspectives into the future; Appendices; I. Existence of temporary equilibrium; II. Increasing returns.

Su questa edizione

• Editore: Cambridge University Press
• Data di pubblicazione: 1994
• ISBN 10: 0521466385
• ISBN 13: 9780521466387
• Rilegatura: Copertina flessibile
• Numero di pagine: 226