Capital and Credit

Erscheinungsjahr 2011
ISBN: 978-0-521-41840-9
Verlag: Cambridge University Press

Buch, Englisch, 224 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 524 g

Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.

Autoren/Hrsg.

Morishima, Michio

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftstheorie, Wirtschaftsphilosophie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie

Inhaltsverzeichnis

Preface; 1. Introduction; 2, Capitalist production; 3. Production possibility set; 4. Temporary equilibrium; 5. Stability and motion; 6. Innovations and financing; 7. Monetary disequilibrium; 8. Summary and perspectives into the future; Appendices; I. Existence of temporary equilibrium; II. Increasing returns.