The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
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The work The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts represents a distinct intellectual or artistic creation found in University of Oklahoma Libraries. This resource is a combination of several types including: Work, Language Material, Books.
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The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
Resource Information
The work The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts represents a distinct intellectual or artistic creation found in University of Oklahoma Libraries. This resource is a combination of several types including: Work, Language Material, Books.
 Label
 The Impact of Science on Economic Growth and its Cycles : The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
 Title remainder
 The Mathematical Dynamics Determined by the Basic Macroeconomic Facts
 Statement of responsibility
 by Arvid Aulin
 Language

 eng
 eng
 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 grouptheoretical 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
 Dewey number
 338.9
 http://bibfra.me/vocab/relation/httpidlocgovvocabularyrelatorsaut
 YE8Ea52z2r4
 Image bit depth
 0
 Language note
 English
 LC call number
 HD7288
 Literary form
 non fiction
 Nature of contents
 dictionaries
 Series statement
 Lecture Notes in Economics and Mathematical Systems,
 Series volume
 464
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