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Foundations of Economic Development

  • Book
  • © 1992

Overview

Authors:
  1. Arvid Aulin

    1. The Finnish Academy of Science and Letters, Helsinki, Finland

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Table of contents (12 chapters)

  1. Front Matter

    Pages I-XVI
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  2. Human Capital: The Fundamental Concept

    1. Front Matter

      Pages 1-1
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    2. Science and Human Capital

      • Arvid Aulin
      Pages 3-10

    3. Enemies of Human Capital

      • Arvid Aulin
      Pages 11-20

    4. The Nature of Exact Science

      • Arvid Aulin
      Pages 21-37

  3. Nonlinear Causality: An Introduction to Higher Analysis of Causal Processes

    1. Front Matter

      Pages 39-39
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    2. Mathematical Dynamics as the Fundamental Method of Causal Science

      • Arvid Aulin
      Pages 41-63

    3. Developmental Stages of Mathematical Dynamics

      • Arvid Aulin
      Pages 64-100

    4. Causality in Bounded Dynamics: Full Predictability or Chaos

      • Arvid Aulin
      Pages 101-135

    5. Causality in Unbounded Dynamics: Self-Steering

      • Arvid Aulin
      Pages 136-161

  4. Economic Causality: The Reduction to Human Capital

    1. Front Matter

      Pages 163-163
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    2. Extended Input-Output Dynamics and the Concept of National Economy

      • Pirkko Aulin-Ahmavaara, Arvid Aulin
      Pages 165-203

    3. The Neoclassical Tradition

      • Arvid Aulin
      Pages 204-231

    4. Fundamental Economic Causality: A Generalized Lucasian Dynamics

      • Arvid Aulin
      Pages 232-307

  5. Politico-Cultural Causality of Human Capital

    1. Front Matter

      Pages 309-309
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    2. On the Mathematical Dynamics of Human Action

      • Arvid Aulin
      Pages 311-332

    3. The Politico-Cultural Factors of Human Capital

      • Arvid Aulin
      Pages 333-358

  6. Back Matter

    Pages 359-372
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Keywords

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.

Authors and Affiliations

  • The Finnish Academy of Science and Letters, Helsinki, Finland

    Arvid Aulin

Bibliographic Information

  • Book Title: Foundations of Economic Development

  • Authors: Arvid Aulin

  • DOI: https://doi.org/10.1007/978-3-642-77592-5

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin ยท Heidelberg 1992

  • Softcover ISBN: 978-3-642-77594-9Published: 16 December 2011

  • eBook ISBN: 978-3-642-77592-5Published: 06 December 2012

  • Edition Number: 1

  • Number of Pages: XVI, 372

  • Topics: Economic Theory/Quantitative Economics/Mathematical Methods

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