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The Origins of Economic Growth

The Fundamental Interaction between Material and Nonmaterial Values

  • ArvidĀ Aulin

Table of contents

  1. Front Matter
    Pages I-XIII
  2. An Introduction to Nonmaterial Values

    1. Front Matter
      Pages 1-1
    2. Arvid Aulin
      Pages 14-27
  3. The Interaction of Material and Nonmaterial Values as the Source of Economic Growth and Business Cycles

  4. The Historical Interaction between Economic Development and Nonmaterial Values

    1. Front Matter
      Pages 153-153
    2. Arvid Aulin
      Pages 155-167
    3. Arvid Aulin
      Pages 168-181
    4. Arvid Aulin
      Pages 182-198
  5. Back Matter
    Pages 233-234

About this book

Introduction

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.

Keywords

Business Cycles Economic Development Economic Forecast Economic Growth Konjunkturprognose Konjunkturzyklen Wachstum Wirtschaftswachstum growth

Authors and affiliations

  • ArvidĀ Aulin
    • 1
  1. 1.The Finnish Academy of Science and LettersHelsinkiFinland

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-60712-7
  • Copyright Information Springer-Verlag Berlin Heidelberg 1997
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-64520-4
  • Online ISBN 978-3-642-60712-7
  • Buy this book on publisher's site