The origins of economic growth [electronic resource] : the fundamental interaction between material and nonmaterial values / Arvid Aulin.
This book deals with factors affecting economic growth in knowledge-based societies. It is shown that the interaction between material and nonmaterial values is the ultimate source of all economic growth including business cycles. The model developed predicts the quantitative facts concerning the bu...
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Full Text (via Springer) |
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| Format: | Electronic eBook |
| Language: | English |
| Published: |
Berlin ; New York :
Springer,
©1997.
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| Subjects: |
MARC
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| 245 | 1 | 4 | |a The origins of economic growth |h [electronic resource] : |b the fundamental interaction between material and nonmaterial values / |c Arvid Aulin. |
| 260 | |a Berlin ; |a New York : |b Springer, |c ©1997. | ||
| 300 | |a 1 online resource (xiii, 234 pages) : |b illustrations. | ||
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| 504 | |a Includes bibliographical references and index. | ||
| 505 | 0 | |a The Economic Relevance of Nonmaterial Values -- An Introduction to Nonmaterial Values -- The Interaction of Nonmaterial and Material Values as the Source of the Economic Growth and Business Cycles -- The Historical Interaction between Economic Development and Nonmaterial Values -- Index. | |
| 520 | |a This book deals with factors affecting economic growth in knowledge-based societies. It is shown that the interaction between material and nonmaterial values is the ultimate source of all economic growth including business cycles. The model developed predicts the quantitative facts concerning the business cycles better than the conventional real-cycle models. It also produces, besides the balanced-growth path, another growth path whose existence is verified by empirical facts. The results give strong evidence of the economic relevance of nonmaterial values. They also prompt a new vision of the stochastic elements in the business cycles. Nonmaterial values are analysed, and their interaction with economic growth is also illustrated in terms of an entropy formalism of historical analysis. | ||
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Economic development |x Mathematical models. |0 http://id.loc.gov/authorities/subjects/sh94002825 | |
| 650 | 0 | |a Value |x Mathematical models. | |
| 650 | 0 | |a Utility theory |x Mathematical models. |0 http://id.loc.gov/authorities/subjects/sh94006852 | |
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| 650 | 7 | |a Utility theory |x Mathematical models. |2 fast |0 fst01163349 | |
| 650 | 7 | |a Value |x Mathematical models. |2 fast |0 fst01163875 | |
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