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Palgrave Macmillan

Theories of Technical Change and Investment

Riches and Rationality

  • Book
  • © 1994

Overview

Authors:
  1. Chidem Kurdas

    1. Pennsylvania State University, USA

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Table of contents (6 chapters)

  1. Front Matter

    Pages i-ix
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  2. Introduction

    • Chidem Kurdas
    Pages 1-8

  3. The Classics: Diverse Behavioral Assumptions

    • Chidem Kurdas
    Pages 9-24

  4. Keynes and the Post-Keynesians: Arbitary Expectations

    • Chidem Kurdas
    Pages 25-57

  5. Neoclassical Models: Unbounded Rationality

    • Chidem Kurdas
    Pages 59-83

  6. Neo-institutionalism: Bounded Rationality

    • Chidem Kurdas
    Pages 85-121

  7. Summing Up

    • Chidem Kurdas
    Pages 123-127

  8. Back Matter

    Pages 129-161
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Keywords

About this book

'Technology is becoming ever more widely recognised as the crucial element in the explanation of economic growth and business fluctuations. Yet the relationship between investors' rationality and investment strategy remains ill understood, and is often constructed in contradictory fashion. Chidem Kurdas's lucid exploration of the problem provides the basis for a synthesis that should prove extremely useful: it is the most original book if its kind that I know.' Professor Heilbroner, The New School for Social Research, New York What is involved in the rational calculation behind the decision to invest and innovate? This book compares the different answers given to this question, from the early classics to recent new classical and new institutionalist models, in a both rigorous and accessible way.

Authors and Affiliations

  • Pennsylvania State University, USA

    Chidem Kurdas

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