Introduction into Capital Theory PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Introduction into Capital Theory PDF full book. Access full book title Introduction into Capital Theory by Gunter Stephan. Download full books in PDF and EPUB format.

Introduction into Capital Theory

Introduction into Capital Theory PDF Author: Gunter Stephan
Publisher: Springer Science & Business Media
ISBN: 3662030810
Category : Business & Economics
Languages : en
Pages : 290

Book Description
Capital theory is a cornerstone of modern economics. Its ideas are fundamental for dynamic equilibrium theory and its concepts are applied in many branches of economics like game theory, resource and environmental economics, although this may not be recognized on a first glance. In this monograph, an approach is presented, which allows to derive important results of capital theory in a coherent and readily accessible framework. A special emphasis is given on infinite horizon and overlapping generations economics. Irreversibility of time, or the failure of the market system appear in a different light if an infinite horizon framework is applied. To bridge the gap between pure and applied economic theory, the structure of our theoretical approach is integrated in a computable general equilibrium model.