The General Theory of Transformational Growth
-
- Hardcover ausgewählt
- Taschenbuch
-
Sprache:Englisch
Fr. 208.00
inkl. gesetzl. MwSt.,
Beschreibung
Produktdetails
Einband
Gebundene Ausgabe
Erscheinungsdatum
29.10.2014
Abbildungen
69 b/w illus. 90 tables, Zeichnungen, nicht spezifiziert, Tabellen, nicht spezifiziert
Verlag
Cambridge AcademicSeitenzahl
816
Maße (L/B/H)
24/16.1/4.8 cm
Gewicht
1374 g
Sprache
Englisch
ISBN
978-0-521-59006-8
For the last century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are 'selected' by competition in an evolutionary process. These innovations in turn change the way markets work and how they adjust, thus creating new problems and new kinds of pressures to innovate. Different historical periods can be distinguished with a new one perhaps on the horizon. In each a distinctive style of technology prevails, associated with corresponding institutions and patterns of market behavior. The core relationships provide the foundations for a theory of monetary circulation, which makes possible a revised Keynesian approach, based on Classical foundations.
Noch keine Bewertungen vorhanden
Verfassen Sie die erste Bewertung zu diesem Artikel
Helfen Sie anderen Kundinnen und Kunden durch Ihre Meinung.