| 书目名称 | Causal and Stochastic Elements in Business Cycles | | 副标题 | An Essential Extensi | | 编辑 | Arvid Aulin | | 视频video | | | 丛书名称 | Lecture Notes in Economics and Mathematical Systems | | 图书封面 |  | | 描述 | 1. Facts: A leisure term with an unbounded value function, when added to utility in the Lucas (1988) ‘mechanics of economic development‘, expands enormously the range of data covered by the theory. To explain this we have to ask two questions. First: why leisure would be so much desired? Perhaps because leisure is one‘s own time and such a leisure term means an unbounded value of individual freedom. But why leisure is economically productive, as implied by the results obtained in this study? Perhaps because cognitive innovations often occur during the time which in economics is registered as leisure? Then an unbounded leisure term would also make room for an unbounded creation of knowledge, as distinguished from the mere transmission of knowledge in education and training. In any case the leisure term seems to act as if it where the‘hole‘ through which strong nonmaterial values affect economics. The ensuing ‘extended mechanics‘ is derived in Chapters 4-6 and proves to involve an extension of growth theory as well as a theory of the causal part of business cycles. Their empirical verification is given by showing (i) that the existence of the two Basic Growth Paths derived from this | | 出版日期 | Book 1996 | | 关键词 | Eonomic Development; Growth; Innovations; Prediction; Theory of Economic Growth | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-642-95738-3 | | isbn_softcover | 978-3-540-60593-5 | | isbn_ebook | 978-3-642-95738-3Series ISSN 0075-8442 Series E-ISSN 2196-9957 | | issn_series | 0075-8442 | | copyright | Springer-Verlag Berlin Heidelberg 1996 |
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发表于 2025-3-21 19:50:00
