Capital and Credit : A New Formulation of General Equilibrium Theory
Book Details
Format
Paperback / Softback
ISBN-10
0521466385
ISBN-13
9780521466387
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Mar 25th, 1994
Print length
226 Pages
Weight
284 grams
Dimensions
23.80 x 15.30 x 1.30 cms
Product Classification:
Economic theory & philosophyEconomic theory and philosophyMacroeconomics
Ksh 7,550.00
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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.
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.
Get Capital and Credit by at the best price and quality guaranteed only at Werezi Africa's largest book ecommerce store. The book was published by Cambridge University Press and it has pages.
