Skip to main content
SpringerLink
Log in
Book cover

The Impact of Science on Economic Growth and its Cycles

The Mathematical Dynamics Determined by the Basic Macroeconomic Facts

  • Book
  • © 1998

Overview

Authors:
  1. Arvid Aulin

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

    View author publications

    You can also search for this author in PubMed   Google Scholar

  • 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)

This is a preview of subscription content, log in via an institution to check access.

Access this book

Log in via an institution
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

Licence this eBook for your library

Institutional subscriptions

Table of contents (10 chapters)

  1. Front Matter

    Pages I-IX
    Download chapter 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
      Download chapter PDF

    2. Canonical Formalism: Basics

      • Arvid Aulin
      Pages 15-34

    3. The Canonical Formalism of Macroeconomics

      • Arvid Aulin
      Pages 35-63

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

    1. Front Matter

      Pages 65-65
      Download chapter PDF

    2. The Principle of Economy in Scientific Explanation

      • Arvid Aulin
      Pages 67-71

    3. Growth Paths Determined by Canonical Formalism

      • Arvid Aulin
      Pages 72-84

    4. The Plosser Fact and Other Growth Effects of Savings Rate

      • Arvid Aulin
      Pages 85-104

    5. The Kydland Facts on Leads and Lags in Business Cycles

      • Arvid Aulin
      Pages 105-124

    6. Correlations and Variances over the Ordinary Business Cycles

      • Arvid Aulin
      Pages 125-148

    7. Correlations over Anomalous Business Cycles

      • Arvid Aulin
      Pages 149-171

    8. The Role of Stochastic Shocks in the Business Cycle

      • Arvid Aulin
      Pages 172-195

  5. Back Matter

    Pages 196-206
    Download chapter PDF
Back to top

Keywords

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.

Authors and Affiliations

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

    Arvid Aulin

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

Publish with us

Policies and ethics

Back to top

Search

Navigation