| Capital and Knowledge: Dynamics of Economic Structures with Non-Constant Returns 1999 Edition Contributor(s): Zhang, Wei-Bin (Author) |
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ISBN: 3540651349 ISBN-13: 9783540651345 Publisher: Springer OUR PRICE: $104.49 Product Type: Hardcover - Other Formats Published: January 1999 Annotation: This book constructs a general economic theory to analyze how different economic forces interact over time. It proposes some new combinations of various economic forces which may function at various stages of social and economic evolution. The theory includes the main economic ideas of Smith, Malthus, Ricardo, Marx, Mills, Walras, Marshall, Schumpeter and Keynes. It also includes, as special cases, the well-established mathematical models, such as the Arrow-Debreu general equilibrium model, the Tobin model, the Solow-Swan-Uzawa growth model, the Kaldor-Pasinetti two-class model, the Ricardian models by Morishima, Samuelson and Pasinetti, Keynesian theory, to explain certain economic phenomena which cannot be explained by traditional works. |
| Additional Information |
| BISAC Categories: - Business & Economics | Finance - General - Business & Economics | Economics - General - Social Science | Sociology - General |
| Dewey: 332.041 |
| LCCN: 98054755 |
| Physical Information: 1" H x 6.14" W x 9.21" (1.76 lbs) 431 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: This book constructs an economic theory which may be studied like the I Ching: it contains multiple patterns within a grand whole; it consists of multiple parts and each part represents itself as a consistent unity. The book is the key part of my economic theory with endogenous popUlation, capital, knowledge, preferences, sexual division of labor and consumption, institutions, economic structures and exchange values over time and space (Zhang, I 996a). It has taken me a long laborious process to systematize the ideas represented in this book: formulating the grand vision in Schumpeter's sense, searching for or creating many ideas, of which only a few have 'survived', and now completing this book to make a tell. I remember Schumpeter's attitude: new ideas, unless carefully elaborated, panistakingly defended, and 'pushed', simply will not tell (Schumpeter, 1934), Keynes' observation: the difficulty lies, not in the new ideas, but in escaping from the old ones, which ramifY . . . . into every comer of our minds (Keynes, 1936), as well as Confucius' recognition of the importance oftiming: If my p'rinciples are to advance, it is so ordered. If they are to fall to the ground, it is so ordereo. (Confucius, 1992). Acknowledgements I completed this book at the Swedish Institute for Futures Studies. I am grateful to the pleasant and effective environment- produced by the staff of the Institute. I acknowledge my deep appreciation to Professor Ake E. Andersson, my supervisor of Ph. D. |