Kniha Efficient Economic Growth Stefan Homburg

Efficient Economic Growth

Jazyk: Angličtina
Väzba: Brožovaná
Dostupnosť: Skladom u dodávateľa v malom množstve
Odosielame za 11-15 dní
54.26
The book is about the well-known problem that a perfectly§competitive economy, even if endowed with...

Informácie o knihe

Jazyk
Angličtina
Väzba
Kniha - Brožovaná
Vydalo
2012
Stránok
107
EAN
9783642634789
ISBN
3642634788
Enbook ID
02004869
Hmotnosť
195
Rozmery
155 x 235 x 7

Kompletný popis

The book is about the well-known problem that a perfectly§competitive economy, even if endowed with perfect foresight,§can grow in an efficient manner. The causes of this strange§inefficiency are analyzed, and sufficientconditions for§efficient economic growth are discussed. The most important§contribution is the elaboration of a rather well-known, yet§unproved, hypothesis which says that the existence of a§nonproducible productive asset, like land, prevents dynamic§inefficiency. This is shown to hold outside steady state§growth paths. Applications of the theoretical concepts and§results are straightforward and are discussed in detail. The§applications include the efficient use of exhaustible§resources over time, the possibility of "bubbles" in§financial markets, the theory of interest rates, and§questions concerning optimal social security.

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