Modern Classical Economics and Reality

Language: English

Published by Springer, Springer Mär 2018, 2018

4431566384 / 9784431566380

Series: Book 8 of 32 - Evolutionary Economics and Social Complexity Science

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Seller: buchversandmimpf2000, Emtmannsberg, BAYE, Germanybuchversandmimpf2000

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This item is printed on demand - Print on Demand Titel. Neuware -This book presents an in-depth, novel, and mathematically rigorous treatment of the modern classical theory of value based on the spectral analysis of the price¿profit¿wage rate system. The classical theory is also subjected to empirical testing to show its logical consistency and explanatory content with respect to observed phenomena and key economic policy issues related to various multiplier processes. In this context, there is an examination of the trajectories of relative prices when the distributive variables change, both theoretically and empirically, using actual input¿output data from a number of quite diverse economies. It is suggested that the actual economies do not behave like the parable of a one-commodity world of the traditional neoclassical theory, which theorizes the relative scarcities of ¿goods and production factors¿ as the fundamental determinants of relative prices and their movement. By contrast, the results of the empirical analysis are fully consistent with the modern classical theory, which makes the intersectoral structure of production and the way in which net output is distributed amongst its claimants the fundamental determinants of price magnitudes. At the same time, however, these results indicate that only a few vertically integrated industries (¿industry core¿ or ¿hyper-basic industries¿) are enough to shape the behaviour of the entire economy in the case of a disturbance. This fact is reduced to the skew distribution of the eigenvalues of the matrices of vertically integrated technical coefficients and reveals that, across countries and over time, the effective dimensions of actual economies are surprisingly low.Normal 0 false false false EN-US JA X-NONE />Springer Verlag GmbH, Tiergartenstr. 17, 69121 Heidelberg 256 pp. Englisch. …

Seller Inventory # 9784431566380

Title
Modern Classical Economics and Reality
Author
Theodore Mariolis
Publisher
Springer, Springer Mär 2018
Publication year
2018
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
4431566384
ISBN 13
9784431566380
Item weight
394 grams
Dimensions
235x155x15 mm
Series
Book 8 of 32: Evolutionary Economics and Social Complexity Science

buchversandmimpf2000

Emtmannsberg, BAYE, Germany

5-star seller

AbeBooks seller since January 23, 2017

Shipping rates from Germany to U.S.A.

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Impressum Thorsten Retsch Buchversand Mimpf2000 Oberölschnitz 16 95517 Emtmannsberg Deutschland Telefon: 09209-2023188 Email: mimpf2000@online.de USt-ID-Nr.: DE 235096871 Wir führen gebrauchte Bücher aus allen Sparten der Literatur

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