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Foundations of Economic Development

  • ArvidĀ Aulin

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Human Capital: The Fundamental Concept

    1. Front Matter
      Pages 1-1
    2. Arvid Aulin
      Pages 3-10
    3. Arvid Aulin
      Pages 11-20
    4. Arvid Aulin
      Pages 21-37
  3. Nonlinear Causality: An Introduction to Higher Analysis of Causal Processes

  4. Economic Causality: The Reduction to Human Capital

    1. Front Matter
      Pages 163-163
    2. Pirkko Aulin-Ahmavaara, Arvid Aulin
      Pages 165-203
    3. Arvid Aulin
      Pages 204-231
  5. Politico-Cultural Causality of Human Capital

    1. Front Matter
      Pages 309-309
  6. Back Matter
    Pages 359-372

About this book

Introduction

DYNAMIC ECONOMICS with increasing returns is extended to cope with economic growth, the business cycles and the irregular swings in the long-term development as different aspects of the same dynamical system, the economic system "as a whole". HUMAN CAPITAL emerges as the seminal concept: economic growth is in this dynamics causally reduced to the growth of human capital and thus to the growth of exact scientific knowledge. An analysis of this knowledge shows that quality education in hard sciences must be a prime target of future economic policies. A CAUSAL STRUCTURE, new in economics, underlies the extended dynamics. To enable students to study and to improve it, a detailled introduction to nonlinear causality is given, emphasizing the points relevant to this causal structure. NATIONAL ACCOUNTING and input-output dynamics are suggested to be extended to include also the production prices and production of human capital and of human time, by using a method of calculation indicated in detail in the book.

Keywords

Dynamic Economics Input-Output Dynamics Input-Output-Rechnung Wachstumstheorie business cycle dynamical systems economic theory economics growth theory mathematical analysis

Authors and affiliations

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

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-642-77592-5
  • Copyright Information Springer-Verlag Berlin Heidelberg 1992
  • Publisher Name Springer, Berlin, Heidelberg
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-642-77594-9
  • Online ISBN 978-3-642-77592-5
  • Buy this book on publisher's site