Newtonian Microeconomics: A Dynamic Extension to Neoclassical Micro Theory Authors: Matti Estola ISBN-10: 3319468782 ISBN-13: 9783319468785 Edition: 1st ed. 2017 Released: 2017-01-24 Hardcover: 464 pages List Price Book Description Presenting the dynamic laws of economic quantities, this book tackles one of the core difficulties of current economic theory: that of transforming abstract equations of equilibrium into precise dynamic rules. The theoretical framework of neoclassical micro theory has historically prohibited its development into a quantitative science. Estola identifies the main weaknesses of this framework as follows: 1) Static optimization does not allow for the modelling of time-dependent production and consumption flows; 2) The assumption of optimal behaviours forecloses any understanding of changes in economic quantities, as none will change its optimal behaviour. The author of this title assumes that economic units tend to better their situation where possible. The book demonstrates how this approach leads to an analogous framework in economics to the Newtonian framework in physics. The ‘forces’ acting upon economic quantities, which either cause adjustment toward an equilibrium state or keep the system in motion with time, are defined such that the neoclassical framework corresponds to a ‘zero-force’ situation. Introducing a system of measurement units for economic phenomena, Estola applies this throughout, and thereby illuminates a way for microeconomics to meet the minimum requirements of quantitative analysis. Table of contents Chapter 1 Economics As A Science Chapter 2 Measuring In Economics Chapter 3 Consumer Behavior Chapter 4 The Behavior Of Firms Chapter 5 Goods Markets Chapter 6 Labor As A Production Factor Chapter 7 Capital Goods As Firms' Inputs Chapter 8 Money And Financial Markets Chapter 9 Saving, Borrowing, And Interest Rates Chapter 10 Mathematical Appendix Palgrave Macmillan Newtonian Microeconomics 3319468782.rar 资源下载资源下载价格10元立即购买 1111 未经允许不得转载：电子书百科大全 » Newtonian Microeconomics: A Dynamic Extension to Neoclassical Micro Theory
评论前必须登录！
登陆 注册