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Book synopsis

Capital theory and dynamics are cornerstones for almost every branch of economics. Except in a fictional world where the economies of yesterday, today, and tomorrow are identical, issues of capital formation and dynamic behaviour must always arise. Although the specialist literature is technically demanding, Professor Burmeister shows that its important results can be understood and their economic significance grasped by those who do not possess the "mathematical literacy" required to follow rigorous proofs. Even if future events are known with certainty, they still influence the current economic state. This is the pure role of time. That future events are not known with certainty adds another complexity. This book focuses mainly on the pure role of time.

Book details

Book category Books in English Economics, finance, business & management Economics

• Full title: Capital Theory and Dynamics
• Author: Edwin Burmeister
• Language: English
• Binding: Paperback
• Number of pages: 344
• EAN: 9780521297035
• ISBN: 0521297036
• ID: 02027057
• Publisher: Cambridge University Press
• Weight: 440 g
• Dimensions: 216 × 140 × 20 mm
• Date of publishing: 28. November 1980

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