Foundations Of Dynamic Economic Analysis

Author : Michael Ralph Caputo
Publisher : Cambridge University Press
Page : 596 pages
File Size : 48,9 Mb
Release : 2005-01-17
Category : Business & Economics
ISBN : 0521603684

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Foundations of Dynamic Economic Analysis by Michael Ralph Caputo Pdf

Foundations of Dynamic Economic Analysis presents a modern and thorough exposition of the fundamental mathematical formalism used to study optimal control theory, i.e., continuous time dynamic economic processes, and to interpret dynamic economic behavior. The style of presentation, with its continual emphasis on the economic interpretation of mathematics and models, distinguishes it from several other excellent texts on the subject. This approach is aided dramatically by introducing the dynamic envelope theorem and the method of comparative dynamics early in the exposition. Accordingly, motivated and economically revealing proofs of the transversality conditions come about by use of the dynamic envelope theorem. Furthermore, such sequencing of the material naturally leads to the development of the primal-dual method of comparative dynamics and dynamic duality theory, two modern approaches used to tease out the empirical content of optimal control models. The stylistic approach ultimately draws attention to the empirical richness of optimal control theory, a feature missing in virtually all other textbooks of this type.

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 49,7 Mb
Release : 1873
Category : Electronic
ISBN : OCLC:494584841

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Betrachtungen eines Laien ueber die Confessionen mit spezieller Ruecksicht auf die augsburgische Confession by Anonim Pdf

Author : Paul Anthony Samuelson
Publisher : Cambridge, Mass. ; London, England : Harvard University Press
Page : 640 pages
File Size : 41,7 Mb
Release : 1983
Category : Economics, Mathematical
ISBN : UCSD:31822003895737

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Foundations of Economic Analysis by Paul Anthony Samuelson Pdf

Recent statistical techniques, including nonlinear programming, have been added to a basic survey of equilibrium systems, comparative statistics, consumer behavior theory, and cost and production theory.

Author : Paul Anthony Samuelson
Publisher : Cambridge, Mass. ; London, England : Harvard University Press
Page : 640 pages
File Size : 40,7 Mb
Release : 1983
Category : Economics, Mathematical
ISBN : STANFORD:36105040180452

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Foundations of Economic Analysis by Paul Anthony Samuelson Pdf

Recent statistical techniques, including nonlinear programming, have been added to a basic survey of equilibrium systems, comparative statistics, consumer behavior theory, and cost and production theory.

Author : Gerhard Sorger
Publisher : Cambridge University Press
Page : 303 pages
File Size : 45,9 Mb
Release : 2015-02-12
Category : Business & Economics
ISBN : 9781107083295

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Dynamic Economic Analysis by Gerhard Sorger Pdf

Concise yet rigorous, this textbook provides a clear and systematic introduction to the theory and application of dynamic economic models.

Author : E. Roy Weintraub
Publisher : Cambridge University Press
Page : 198 pages
File Size : 41,5 Mb
Release : 1991-04-26
Category : Business & Economics
ISBN : 0521393469

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Stabilizing Dynamics by E. Roy Weintraub Pdf

This work is concerned with the ways in which the talk of the 1930s evolved into technical analysis of some mathematical structures. It describes the context for the history of that change and shows how the history of modern economics can be seen as a confluence of several disparate traditions.

Author : Milton Harris
Publisher : Oxford University Press, USA
Page : 160 pages
File Size : 47,6 Mb
Release : 1987
Category : Business & Economics
ISBN : UOM:39015013018844

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Dynamic Economic Analysis by Milton Harris Pdf

In industrial organization and labour economics, many of the most interesting recent contributions have encompassed explicit dynamics as well as extensive form games. This book collects and explains a number of the most widely used techniques in dynamic economic analysis.

Author : Arvid Aulin
Publisher : Springer Science & Business Media
Page : 380 pages
File Size : 51,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642775925

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Foundations of Economic Development by Arvid Aulin Pdf

DYNAMIC ECONOMICS with increasing returns is extended to cope with economic growth, the business cycles and the irregular swings in the long-term development as different aspects of the same dynamical system, the economic system "as a whole". HUMAN CAPITAL emerges as the seminal concept: economic growth is in this dynamics causally reduced to the growth of human capital and thus to the growth of exact scientific knowledge. An analysis of this knowledge shows that quality education in hard sciences must be a prime target of future economic policies. A CAUSAL STRUCTURE, new in economics, underlies the extended dynamics. To enable students to study and to improve it, a detailled introduction to nonlinear causality is given, emphasizing the points relevant to this causal structure. NATIONAL ACCOUNTING and input-output dynamics are suggested to be extended to include also the production prices and production of human capital and of human time, by using a method of calculation indicated in detail in the book.

Author : Jesús Huerta de Soto
Publisher : Taylor & Francis
Page : 372 pages
File Size : 54,9 Mb
Release : 2009
Category : Business & Economics
ISBN : 9780415427692

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The Theory of Dynamic Efficiency by Jesús Huerta de Soto Pdf

This book gathers a collection of multidisciplinary essays by Jess Huerta de Soto, examining the dynamic processes of social cooperation which characterize the market, with particular emphasis on the role of both entrepreneurship and institutions.

Author : K. Puttaswamaiah
Publisher : Routledge
Page : 264 pages
File Size : 50,8 Mb
Release : 2019-01-22
Category : Business & Economics
ISBN : 9781351324793

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Paul Samuelson and the Foundations of Modern Economics by K. Puttaswamaiah Pdf

Paul A. Samuelson was the first American Nobel Laureate in economics, and the second overall. He was credited for "the scientific work through which he has developed static and dynamic economic theory and actively contributed to raising the level of analysis in economic science." That recognition is now thirty years old and Samuelson remains at work in the cutting edge of the discipline. He is also widely known for a basic textbook that became a landmark learning tool throughout the second half of the twentieth century. This excellent collegial appreciation focuses heavily on Samuelson's Foundations of Economic Analysis. In that work, and a series of brief essays, he has contributed to an integration of statics and dynamics by way of the correspondence principle. He has also combined the multiplier and accelerator mechanisms in a model of economic fluctuations; he has reformed the foundations of consumption theory by his concept of revealed preferences; he has developed or improved several major theorems within international trade; and created theories of maximum efficiency and maximum growth rate. Finally, he has clarified the role of collective goods in resource allocation. In considering the work and life of Samuelson, editor Puttaswamaiah, has assembled a worthy group of brilliant commentators. Among the analytic papers in this volume are "An essay on the Accuracy of Economic Prediction" by L.R. Klein, "Analytical Aspects of Anti-Inflation Policy" by Robert M. Solow, a paper by Vittorangelo Orati on Samuelson's linkage to Schumpeter and Keynes, "Money and Price Theory by Carlo Benetti and Jean Cartelier, and a concluding essay on "The Role of Samuelson's Economics" by Michael Emmett Brady. Most unusual in works of this kind are some strong critical statements, including a pungent examination of vanity as well as creativity in Samuelson's work. What emerges is a clear picture of a special scholar. Scholars and students will welcome it alike-a result that well fits the purpose and character of Samuelson. The festschrift has its origins in several issues of the International Journal of Applied Economics and Econometrics. Professor K. Puttaswamaiah has more than three decades of editing journals in economics. He is a member of the journal; Savings and Development issued at the University of Milan. He is author of Economic Development of Karnataka, Cost-Benefit Analysis, and Nobel Economists: Lives and Contributions.

Author : Paul Anthony Samuelson
Publisher : New York : Atheneum, c1965, 1979 printing.
Page : 484 pages
File Size : 49,5 Mb
Release : 1965
Category : Business & Economics
ISBN : PSU:000027893876

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Foundations of Economic Analysis by Paul Anthony Samuelson Pdf

Author : Martin F. Bach
Publisher : Springer Science & Business Media
Page : 155 pages
File Size : 41,6 Mb
Release : 2013-11-11
Category : Business & Economics
ISBN : 9783642864490

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Dynamic Programming of Economic Decisions by Martin F. Bach Pdf

Dynamic Programming is the analysis of multistage decision in the sequential mode. It is now widely recognized as a tool of great versatility and power, and is applied to an increasing extent in all phases of economic analysis, operations research, technology, and also in mathematical theory itself. In economics and operations research its impact may someday rival that of linear programming. The importance of this field is made apparent through a growing number of publications. Foremost among these is the pioneering work of Bellman. It was he who originated the basic ideas, formulated the principle of optimality, recognized its power, coined the terminology, and developed many of the present applications. Since then mathe maticians, statisticians, operations researchers, and economists have come in, laying more rigorous foundations [KARLIN, BLACKWELL], and developing in depth such application as to the control of stochastic processes [HoWARD, JEWELL]. The field of inventory control has almost split off as an independent branch of Dynamic Programming on which a great deal of effort has been expended [ARRoW, KARLIN, SCARF], [WIDTIN] , [WAGNER]. Dynamic Programming is also playing an in creasing role in modem mathematical control theory [BELLMAN, Adap tive Control Processes (1961)]. Some of the most exciting work is going on in adaptive programming which is closely related to sequential statistical analysis, particularly in its Bayesian form. In this monograph the reader is introduced to the basic ideas of Dynamic Programming.

Author : K. William Kapp
Publisher : Routledge
Page : 300 pages
File Size : 54,9 Mb
Release : 2012-05-23
Category : Business & Economics
ISBN : 9781136804373

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The Foundations of Institutional Economics by K. William Kapp Pdf

This is a ground-breaking book about the foundations of institutional economics. K. William Kapp presents the economic role of institutions for economic development, capital formation and technological dynamics in an easily accessible and comprehensive manner. As a front-rank 20th century institutional economist, Kapp pulls together arguments from a variety of sources, including Thorstein Veblen, John Kenneth Galbraith and Gunnar Myrdal, all of which emphasize the crucial role of institutions. The author cements institutional economics as a distinct and coherent framework of analysis to effectively address urgent socio-economic problems, such as environmental disruption and sustainable development. This book begins with a critique of conventional (neoclassical) economics and an overview of the antecedents of institutional economics. The core of the book is formed by the chapters on institutions, human economic behavior and needs, arguing that institutional change is key to directing economic development towards sustainable and adequate living conditions, rather than merely formal growth formulas. The final chapters provide the reader with the institutional theories of capital and technology, showing how capital formation and technological dynamics are determined by institutions, such as the principle of investment for profit. The appendix complements Kapp’s plea for institutional change with articles on science and technology, social costs, substantive economics, and circular and cumulative causation. This book is suited for readers at all levels who are interested in institutional economics, the history of economics thought, political economics as well as ecological and heterodox economics. Researchers and students will find it to be an easily accessible and a concise elaboration on the foundations of institutional economics.

Author : Michael Carter
Publisher : MIT Press
Page : 678 pages
File Size : 45,8 Mb
Release : 2001-10-26
Category : Business & Economics
ISBN : 0262531925

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Foundations of Mathematical Economics by Michael Carter Pdf

This book provides a comprehensive introduction to the mathematical foundations of economics, from basic set theory to fixed point theorems and constrained optimization. Rather than simply offer a collection of problem-solving techniques, the book emphasizes the unifying mathematical principles that underlie economics. Features include an extended presentation of separation theorems and their applications, an account of constraint qualification in constrained optimization, and an introduction to monotone comparative statics. These topics are developed by way of more than 800 exercises. The book is designed to be used as a graduate text, a resource for self-study, and a reference for the professional economist.

Author : Nancy L. Stokey
Publisher : Harvard University Press
Page : 607 pages
File Size : 49,9 Mb
Release : 1989-10-10
Category : Business & Economics
ISBN : 9780674735187

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Recursive Methods in Economic Dynamics by Nancy L. Stokey Pdf

This rigorous but brilliantly lucid book presents a self-contained treatment of modern economic dynamics. Stokey, Lucas, and Prescott develop the basic methods of recursive analysis and illustrate the many areas where they can usefully be applied.