Introduction into Capital Theory: A Neo-Austrian Perspective - Rilegato

Stephan, Gunter

 
9783540593508: Introduction into Capital Theory: A Neo-Austrian Perspective

Sinossi

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. To bridge the gap between pure and applied economic theory, the structure of our theoretical approach is integrated in a computable general equilibrium model.

Le informazioni nella sezione "Riassunto" possono far riferimento a edizioni diverse di questo titolo.

Contenuti

1 Introduction and Motivation.- 2 Basic Concepts.- 3 A Neo-Austrian Approach: Basic Concepts.- 4 Neo-Austrian Concepts in a Multisector-Multiperiod Framework.- 5 The Open-Endedness of the Future: Motivation, Arguments, Framework.- 6 Steady State Economies.- 7 Prices in an Open-ended World.- 8 The Open-Endedness of Time and Efficiency Prices: Sufficient and Necessary Conditions.- 9 Overlapping Generations, Superiority of Roundaboutness and Pareto-Efficiency.- 10 Incomplete Markets: A Neo-Austrian Theory of Computable General Equilibrium Models.- 11 Incomplete Markets and Computable Equilibria: A Numerical Illustration.- References.- Author Index.

Product Description

Book by Stephan Gunter

Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.

Altre edizioni note dello stesso titolo

9783642082160: Introduction into Capital Theory: A Neo-Austrian Perspective

Edizione in evidenza

ISBN 10:  3642082165 ISBN 13:  9783642082160
Casa editrice: Springer Berlin Heidelberg, 2010
Brossura