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The General Economic Theory

An Integrative Approach

  • Book
  • © 2020

Overview

Authors:
  1. Wei-Bin Zhang

    1. Ritsumeikan Asia Pacific University, Beppu, Japan

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  • Builds a general economic theory
  • Integrates various economic theories, including neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory
  • Examines the role of government and various markets in economic growth and development

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Table of contents (16 chapters)

  1. Front Matter

    Pages i-xviii
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  2. The Time for a Grand Economic Theory

    • Wei-Bin Zhang
    Pages 1-17

  3. The Basic Model for the Integration

    • Wei-Bin Zhang
    Pages 19-39

  4. An Integration of Walrasian General Equilibrium, Ricardian Distribution, and Neoclassical Growth Theories

    • Wei-Bin Zhang
    Pages 41-68

  5. Education, National Debts, and Development Traps

    • Wei-Bin Zhang
    Pages 69-91

  6. Inequalities with Racial Human Capital Externalities

    • Wei-Bin Zhang
    Pages 93-101

  7. Growth with Public Knowledge and Private Human Capital

    • Wei-Bin Zhang
    Pages 103-118

  8. Population Dynamics with Endogenous Birth and Mortality Rates

    • Wei-Bin Zhang
    Pages 119-146

  9. Health, Environment, Resources, and Government

    • Wei-Bin Zhang
    Pages 147-175

  10. Preference Change, Social Status, Habits, and Fashion

    • Wei-Bin Zhang
    Pages 177-202

  11. Portfolio Choice in General Dynamic Equilibrium

    • Wei-Bin Zhang
    Pages 203-215

  12. Money and Unstable Economic Changes

    • Wei-Bin Zhang
    Pages 217-239

  13. Growth Theory Enriched with Monopoly, Monopsony, and Game Theories

    • Wei-Bin Zhang
    Pages 241-264

  14. Growth with Perfect and Monopolistic Competition

    • Wei-Bin Zhang
    Pages 265-293

  15. Trade Pattern, Tourism, and Global Development

    • Wei-Bin Zhang
    Pages 295-326

  16. Alonso Urban and Solow Growth Models Integrated

    • Wei-Bin Zhang
    Pages 327-337

  17. Miscellaneous Issues and Conclusion

    • Wei-Bin Zhang
    Pages 339-342
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Keywords

About this book

This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis.

The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline.



Authors and Affiliations

  • Ritsumeikan Asia Pacific University, Beppu, Japan

    Wei-Bin Zhang

About the author

Wei-Bin Zhang, PhD (Umeå, Sweden), is a Professor of Economics in Ritsumeikan Asia Pacific University, Japan. His main research fields are nonlinear economic dynamics, general economic theory, East Asian economic development, and Confucianism. He has published 240 academic articles in peer-review international journals and authorized 22 academic books. Prof. Zhang is editorial board members of 12 international journals. He is the editor of Encyclopedia of Mathematical Models in Economics (in two volumes) as a part of the unprecedented global effort, The Encyclopedias of Life Support Systems, organized by The UNESCO.

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