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Description - Capital Theory and Dynamics by Edwin Burmeister

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.

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Book Details

ISBN: 9780521297035
ISBN-10: 0521297036
Format: Paperback
(210mm x 138mm x 20mm)
Pages: 344
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 28-Nov-1980
Country of Publication: United Kingdom

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