The book constructs the Synergy Theory, a new theory of economic growth and calculation methodology. The book involves empirical comparative study on economic growth between China and the 14 developed countries, and on the basis of the synergy theory, divides GDP into labor compensation, capital...

1. The Methodological Puzzle -- 2. Introduction to General and Integrated Development and Growth -- 3. Economic Action, Cultural Background and Institutions -- 4. Complex Economic Systems, Information and Forms of Capitalism -- 5. Politics and Governance -- 6. Uncertainty -- 7. Expectations --...

This textbook is an introduction to the newer features of growth theory that are particularly useful in examining the issues of economic development. Growth theory provides a rich and versatile analytical framework through which fundamental questions about economic development can be examined....

Chapter 1. Market Mechanism: Stabilizing or Destabilizing?- Chapter 2. Artificial Wicksell–Keynes Model 3 Agent’s Behaviors -- Chapter 4. Steady State Equilibrium -- Chapter 5. Parameter Tuning for Baseline -- Chapter 6. Simulation Results and Discussions -- Chapter 7. The Mechanism of...

Introduction to the Jurisprudence of Property and Contract -- Mathematical Introduction to the Jurisprudence of Property and Contract -- The Property Fallacy in Capital Theory and Corporate Finance Theory -- The Arrow-Debreu Model -- Marginal Productivity Theory -- Marxism as the Ultimate...

This book argues that Lionel Robbins’s construction of the economics field’s organizing cornerstone, scarcity-and all that has been derived from it from economists in Robbins’s time to today-no longer can generate general consent among economists. Since Robbins’ Essay, economists have...

This book provides an introduction to the theory of support-bargaining and money-bargaining. Support-bargaining arises from the propensity of all individuals to seek the support of those around them and is the underlying mechanism of democratic societies. It is also the underlying mechanism of...

1. Economic Scientist, Economic and Social Reformer -- 2. Indifference Curves and a Hydraulic Model of General Equilibrium -- 3. Revitalizing the Quantity Theory of Money: From the Fisher Relation to the Fisher Equation -- 4. The Fisher Diagram and the Neoclassical Theory of Interest and Capital...

Chapter 1: Review of the Neoclassical Theory of Capital Flows and Related Empirical -- Chapter 2: The Lucas Paradox: Alternative Estimates of Marginal Product of Capital -- Chapter 3: Estimating the Determinants of Capital Inflows Using Cross-Sectional Data -- Chapter 4: Panel and Non-Linear...

1. Introduction -- 2. Neoclassical Economics and Capitalism -- 3. Marxian Economics -- 4. John Maynard Keynes and Stabilization Measures -- 5. Neoclassical Economics, Marx and Keynes, and the Global Financial Crisis -- 6. Capitalism Versus Socialism: A Few Country Studies -- 7. Survival of the...