Foundations of Economic Development

Authors: Aulin, Arvid

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About this book

DYNAMIC ECONOMICS with increasing returns is extended to cope with economic growth, the business cycles and the irregular swings in the long-term development as different aspects of the same dynamical system, the economic system "as a whole". HUMAN CAPITAL emerges as the seminal concept: economic growth is in this dynamics causally reduced to the growth of human capital and thus to the growth of exact scientific knowledge. An analysis of this knowledge shows that quality education in hard sciences must be a prime target of future economic policies. A CAUSAL STRUCTURE, new in economics, underlies the extended dynamics. To enable students to study and to improve it, a detailled introduction to nonlinear causality is given, emphasizing the points relevant to this causal structure. NATIONAL ACCOUNTING and input-output dynamics are suggested to be extended to include also the production prices and production of human capital and of human time, by using a method of calculation indicated in detail in the book.

Table of contents (12 chapters)

  • Science and Human Capital

    Aulin, Arvid

    Pages 3-10

  • Enemies of Human Capital

    Aulin, Arvid

    Pages 11-20

  • The Nature of Exact Science

    Aulin, Arvid

    Pages 21-37

  • Mathematical Dynamics as the Fundamental Method of Causal Science

    Aulin, Arvid

    Pages 41-63

  • Developmental Stages of Mathematical Dynamics

    Aulin, Arvid

    Pages 64-100

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-642-77592-5
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $129.00
price for USA
  • ISBN 978-3-642-77594-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Foundations of Economic Development
Authors
Copyright
1992
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin ยท Heidelberg
eBook ISBN
978-3-642-77592-5
DOI
10.1007/978-3-642-77592-5
Softcover ISBN
978-3-642-77594-9
Edition Number
1
Number of Pages
XVI, 372
Topics