Foundations of Economic Development is popular PDF and ePub book, written by Arvid Aulin in 2012-12-06, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Foundations of Economic Development can be Read Online from any device for your convenience.
Foundations of Economic Development Book PDF Summary
DYNAMIC ECONOMICS with increasing returns is extended to cope with economic growth, the business cycles and the irregular swings in the long-term development as different aspects of the same dynamical system, the economic system "as a whole". HUMAN CAPITAL emerges as the seminal concept: economic growth is in this dynamics causally reduced to the growth of human capital and thus to the growth of exact scientific knowledge. An analysis of this knowledge shows that quality education in hard sciences must be a prime target of future economic policies. A CAUSAL STRUCTURE, new in economics, underlies the extended dynamics. To enable students to study and to improve it, a detailled introduction to nonlinear causality is given, emphasizing the points relevant to this causal structure. NATIONAL ACCOUNTING and input-output dynamics are suggested to be extended to include also the production prices and production of human capital and of human time, by using a method of calculation indicated in detail in the book.
Detail Book of Foundations of Economic Development PDF
- Author : Arvid Aulin
- Release : 06 December 2012
- Publisher : Springer Science & Business Media
- ISBN : 9783642775925
- Genre : Business & Economics
- Total Page : 380 pages
- Language : English
- PDF File Size : 20,8 Mb
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