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  • Book
  • © 1998

The Impact of Science on Economic Growth and its Cycles

The Mathematical Dynamics Determined by the Basic Macroeconomic Facts

Authors:

  1. Arvid Aulin

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

    View author publications

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  • Correct explanation of macroeconomic facts by special nonlinear dynamics
  • Introducing mathematical tools not used before in economics

Part of the book series: Lecture Notes in Economics and Mathematical Systems (LNE, volume 464)

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Table of contents (10 chapters)

  1. Front Matter

    Pages I-IX
    PDF

  2. The Macroeconomic Problem

    1. The Macroeconomic Problem

      • Arvid Aulin
      Pages 1-11

  3. The Fundamental Laws of Science-Based Economic Growth

    1. Front Matter

      Pages 13-13
      PDF

    2. Canonical Formalism: Basics

      • Arvid Aulin
      Pages 15-34

  4. Derivation of the 17 Basic Macroeconomic Facts from the Canonical Formalism

    1. Front Matter

      Pages 65-65
      PDF

  5. Back Matter

    Pages 196-206
    PDF
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About this book

The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.
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Keywords

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Authors and Affiliations

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

    Arvid Aulin

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Bibliographic Information

  • Book Title: The Impact of Science on Economic Growth and its Cycles

  • Book Subtitle: The Mathematical Dynamics Determined by the Basic Macroeconomic Facts

  • Authors: Arvid Aulin

  • Series Title: Lecture Notes in Economics and Mathematical Systems

  • DOI: https://doi.org/10.1007/978-3-642-95861-8

  • Publisher: Springer Berlin, Heidelberg

  • eBook Packages: Springer Book Archive

  • Copyright Information: Springer-Verlag Berlin Heidelberg 1998

  • Softcover ISBN: 978-3-540-64727-0Published: 17 September 1998

  • eBook ISBN: 978-3-642-95861-8Published: 06 December 2012

  • Series ISSN: 0075-8442

  • Series E-ISSN: 2196-9957

  • Edition Number: 1

  • Number of Pages: IX, 204

  • Topics: Economic Growth

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Buy it now

eBook USD 39.99
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book USD 54.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Other ways to access

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