Capital, time and transitional dynamics /
Capital, time and transitional dynamics /
edited by Harald Hagemann and Roberto Scazzieri.
- xviii, 268 pages : illustrations ; 24 cm.
- Routledge studies in the history of economics ; 96 .
- Routledge studies in the history of economics ; 96. .
Includes bibliographical references and index.
Preface and Acknowledgements / Capital Structure and Economic Transitions: an Introductory Essay / A Retrospective View of Hicks' Capital and Time: a Neo-Austrian Theory / Hicks'S Neo-Austrian Theory and Bohm-Bawerk'S Theory of Capital / Traverse Analysis and Methods of Economic Dynamics / Hicks'S Traverse Analysis: From Capital and Growth To Capital and Time / Technical Change, Vertical and Horizontal Rigidities: a Neo-Austrian Approach / Simulation of the Full Employment Traverse of Capital and Time / Traverse, Division of Labour and Emerging Structures / Hicks'S Traverse in a Small Open Economy / From Traverse To Out-of-Equilibrium Processes of Change: the Role of Money / Harald Hagemann and Roberto Scazzieri -- Harald Hagemann and Roberto Scazzieri -- Edwin Burmeister -- Christian Gehrke and Heinz D. Kurz -- Roberto Scazzieri -- Harald Hagemann -- Franco Nardini -- Kazuhisa Taniguchi -- Massimo Ricottilli -- Shin-Haing Kim -- Mario Amendola and Jean-Luc Gaffard. 1. 2. 3. 4. 5. 6. 7. 8. 9.
"In the words of Robert M. Solow traverse analysis "is the easiest part of skiing, but the hardest part of economics". The aim of this volume is to assess the state and scope of modern traverse analysis as it had been initiated by John Hicks in his pioneering contribution Capital and Time (1973). The analysis of an economy which originally had been in a growth equilibrium which was disturbed by technical progress is one of the most challenging problems in economics. This book takes Hicks' work as the point of departure for theoretical work on the macroeconomic theory of capital dynamics along transition non-steady state paths The original contributions in this volume explore the manifold theoretical roots of traverse analysis in classical and post-classical literature, its features as a specific method of economic dynamics, and its applications in a variety of fields from monetary economics to development and international economics. The essays thereby focus on the ways ahead from Capital and Time that have been suggested and actively pursued by a number of scholars in recent years. Its central theme is the role of capital structures as critical factors in determining the actual dynamics of any given economic system. This volume is inspired by the belief that this state of affairs is not a satisfactory one, and outlines a new agenda for capital theory. Contributors include Edwin Burmeister, Jean-Luc Gaffard and Heinz Kurz."--Publisher's website.
0415395194 9780415395199
2008018380
Hicks, John, 1904-1989
Capital.
Statics and dynamics (Social sciences)
HB501 / .C242246 2009
332.041
Includes bibliographical references and index.
Preface and Acknowledgements / Capital Structure and Economic Transitions: an Introductory Essay / A Retrospective View of Hicks' Capital and Time: a Neo-Austrian Theory / Hicks'S Neo-Austrian Theory and Bohm-Bawerk'S Theory of Capital / Traverse Analysis and Methods of Economic Dynamics / Hicks'S Traverse Analysis: From Capital and Growth To Capital and Time / Technical Change, Vertical and Horizontal Rigidities: a Neo-Austrian Approach / Simulation of the Full Employment Traverse of Capital and Time / Traverse, Division of Labour and Emerging Structures / Hicks'S Traverse in a Small Open Economy / From Traverse To Out-of-Equilibrium Processes of Change: the Role of Money / Harald Hagemann and Roberto Scazzieri -- Harald Hagemann and Roberto Scazzieri -- Edwin Burmeister -- Christian Gehrke and Heinz D. Kurz -- Roberto Scazzieri -- Harald Hagemann -- Franco Nardini -- Kazuhisa Taniguchi -- Massimo Ricottilli -- Shin-Haing Kim -- Mario Amendola and Jean-Luc Gaffard. 1. 2. 3. 4. 5. 6. 7. 8. 9.
"In the words of Robert M. Solow traverse analysis "is the easiest part of skiing, but the hardest part of economics". The aim of this volume is to assess the state and scope of modern traverse analysis as it had been initiated by John Hicks in his pioneering contribution Capital and Time (1973). The analysis of an economy which originally had been in a growth equilibrium which was disturbed by technical progress is one of the most challenging problems in economics. This book takes Hicks' work as the point of departure for theoretical work on the macroeconomic theory of capital dynamics along transition non-steady state paths The original contributions in this volume explore the manifold theoretical roots of traverse analysis in classical and post-classical literature, its features as a specific method of economic dynamics, and its applications in a variety of fields from monetary economics to development and international economics. The essays thereby focus on the ways ahead from Capital and Time that have been suggested and actively pursued by a number of scholars in recent years. Its central theme is the role of capital structures as critical factors in determining the actual dynamics of any given economic system. This volume is inspired by the belief that this state of affairs is not a satisfactory one, and outlines a new agenda for capital theory. Contributors include Edwin Burmeister, Jean-Luc Gaffard and Heinz Kurz."--Publisher's website.
0415395194 9780415395199
2008018380
Hicks, John, 1904-1989
Capital.
Statics and dynamics (Social sciences)
HB501 / .C242246 2009
332.041