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{ "item_title" : "Capital and Credit", "item_author" : [" Michio Morishima "], "item_description" : "Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which being short term, cannot deal with the fundamental problem of how the production function is derived. This book provides a much-needed synthesis of growth and monetary theory, drawing on the work of Schumpeter, Keynes and the prewar neoclassical economists to formulate a capital-theoretic general equilibrium theory.", "item_img_path" : "https://covers2.booksamillion.com/covers/bam/0/52/141/840/0521418402_b.jpg", "price_data" : { "retail_price" : "145.00", "online_price" : "145.00", "our_price" : "145.00", "club_price" : "145.00", "savings_pct" : "0", "savings_amt" : "0.00", "club_savings_pct" : "0", "club_savings_amt" : "0.00", "discount_pct" : "10", "store_price" : "" } }
Capital and Credit|Michio Morishima

Capital and Credit

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Overview

Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which being short term, cannot deal with the fundamental problem of how the production function is derived. This book provides a much-needed synthesis of growth and monetary theory, drawing on the work of Schumpeter, Keynes and the prewar neoclassical economists to formulate a capital-theoretic general equilibrium theory.

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Details

  • ISBN-13: 9780521418409
  • ISBN-10: 0521418402
  • Publisher: Cambridge University Press
  • Publish Date: October 1992
  • Dimensions: 9 x 6 x 0.63 inches
  • Shipping Weight: 1.11 pounds
  • Page Count: 226

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