Mathematical Theories of Economic Growth (Modern Revivals in Economics)
ISBN-10:
0751201774
ISBN-13:
9780751201772
Author(s): Burmeister, Edwin; Dobell, A. Rodney
Edition: Stated First Edition
Description:
This comprehensive work explores theories of economic growth through analysis of mathematical models. The authors construct and discuss several economic growth models, beginning with a one-sector model and progressing to a two-sector and finally multi-sector models with many capital goods. The economic basis and implications of the mathematical models are stressed. The authors place particular emphasis on subjects such as induced technological change; theorems regarding factor-augmenting technical change; reswitching of techniques and paradoxical behaviour in capital theory; price-quantity duality relations; and optimal economic growth.
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