Name: introduction into capital theory
SKU: 3425918
Price: 66.58 EUR
Availability: InStock
Author: stephan
ISBN: 9783540593508

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portada introduction into capital theory

Type

Physical Book

Publisher

Springer

Author

stephan

Language

English

Pages

291

ISBN

3540593500

ISBN13

9783540593508

Synopsis "introduction into capital theory"

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.