Capital, Time and Transitional Dynamics (Routledge Studies in the History of Economics) - Softcover

Book 51 of 232: Routledge Studies in the History of Economics
 
9780415588638: Capital, Time and Transitional Dynamics (Routledge Studies in the History of Economics)
Softcover
ISBN 10: 0415588634 ISBN 13: 9780415588638
Publisher: Routledge, 2010

Synopsis

In the words of Robert M. Solow traverse analysis "is the easiest part of skiing, but the hardest part of economics". The aim of this volume is to assess the state and scope of modern traverse analysis as it had been initiated by John Hicks in his pioneering contribution Capital and Time (1973). The analysis of an economy which originally had been in a growth equilibrium which was disturbed by technical progress is one of the most challenging problems in economics. This book takes Hicks’ work as the point of departure for theoretical work on the macroeconomic theory of capital dynamics along transition non-steady state paths

The original contributions in this volume explore the manifold theoretical roots of traverse analysis in classical and post-classical literature, its features as a specific method of economic dynamics, and its applications in a variety of fields from monetary economics to development and international economics. The essays thereby focus on the ways ahead from Capital and Time that have been suggested and actively pursued by a number of scholars in recent years. Its central theme is the role of capital structures as critical factors in determining the actual dynamics of any given economic system. This volume is inspired by the belief that this state of affairs is not a satisfactory one, and outlines a new agenda for capital theory. Contributors include Edwin Burmeister, Jean-Luc Gaffard and Heinz Kurz.

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About the Author

Harald Hagemann is Professor of Economic Theory at the University of Hohenheim. He is the co-editor of Growth Theory and Growth Policy (2003), also published by Routledge. Roberto Scazzieri is Professor of Economic Analysis at the University of Bologna

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Publisher
Routledge
Publication date
2010
Language
English
ISBN 10 
0415588634
ISBN 13 
9780415588638
Binding
Paperback
Edition number
1
Number of pages
288
Editor
Hagemann Harald

Other Popular Editions of the Same Title

9780415395199: Capital, Time and Transitional Dynamics (Routledge Studies in the History of Economics)

Featured Edition

ISBN 10:  0415395194 ISBN 13:  9780415395199
Publisher: Routledge, 2008
Hardcover