CAPITAL THEORY AND DYNAMICS by Edwin Burmeister, John Pencavel ( 9780521297035 )

Item Details

Title:

CAPITAL THEORY AND DYNAMICS

By:

Edwin Burmeister, John Pencavel

Format:

Paperback

List price:

£30.99

Our price:

£27.12

Discount:

12.5% off

You save:

£3.87

ISBN 10:

0521297036

ISBN 13:

9780521297035

Availability:

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Stock:

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Publisher:

CAMBRIDGE UNIVERSITY PRESS

Pub. date:

28 November, 1980

Series:

Cambridge Surveys of Economic Literature

Pages:

344

Description:

Capital theory and dynamics are cornerstones for almost every branch of economics.

Synopsis:

Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its important results can be understood and their economic significance grasped by those who do not possess the "mathematical literacy" required to follow rigorous proofs. Even if future events are known with certainty, they still influence the current economic state. This is the pure role of time. That future events are not known with certainty adds another complexity. This book focuses mainly on the pure role of time.

Illustrations:

illustrations, bibliography, index

Publication:

Imprint:

Cambridge University Press

Returns:

Returnable

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