The Impact of Science on Economic Growth and its Cycles is popular PDF and ePub book, written by Arvid Aulin in 1998-09-17, 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, The Impact of Science on Economic Growth and its Cycles can be Read Online from any device for your convenience.
The Impact of Science on Economic Growth and its Cycles Book PDF Summary
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.
Detail Book of The Impact of Science on Economic Growth and its Cycles PDF
- Author : Arvid Aulin
- Release : 17 September 1998
- Publisher : Springer
- ISBN : 3540647279
- Genre : Business & Economics
- Total Page : 204 pages
- Language : English
- PDF File Size : 7,5 Mb
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