Capital Theory and Dynamics
Book Details
Format
Hardback or Cased Book
Book Series
Cambridge Surveys of Economic Literature
ISBN-10
0521228891
ISBN-13
9780521228893
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Nov 28th, 1980
Print length
352 Pages
Weight
59 grams
Product Classification:
EconomicsEconomic history
Ksh 7,650.00
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Capital theory and dynamics are cornerstones for almost every branch of economics.
Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its important results can be understood and their economic significance grasped by those who do not possess the "mathematical literacy" required to follow rigorous proofs. Even if future events are known with certainty, they still influence the current economic state. This is the pure role of time. That future events are not known with certainty adds another complexity. This book focuses mainly on the pure role of time.
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