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Persistent link: https://www.econbiz.de/10005056457
Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic … theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But …, distinguished, and integrated. However, the real challenge to formalizing economic theory points not to mathematics but to problems …
Persistent link: https://www.econbiz.de/10009219429
Mathematical economic theory is lacking in logical rigour. Even if the mathematics used in constructing formal economic … theory is rigorous as pure mathematics, economic theory possesses both mathematical and non-mathematical components. But …, distinguished, and integrated. However, the real challenge to formalizing economic theory points not to mathematics but to problems …
Persistent link: https://www.econbiz.de/10009219473
accumulation to the theory of competitive equilibrium over time. Finally I will make some remarks on the relations of this … literature to some recent developments in the theory of economic growth which are often referred to comprehensively as the New … Growth Theory. …
Persistent link: https://www.econbiz.de/10005698152
The present study presents a general scheme of the categories of human activities, integrating mathematics into the …
Persistent link: https://www.econbiz.de/10009140947
Mixture sets were introduced by Herstein and Milnor (1953) into decision theory, where they are still widely used. This …
Persistent link: https://www.econbiz.de/10005478938
Openness appears to have a strong impact on economic growth especially in DCs, which typically exhibit a high share of physical capital in factor income and a low share of labor. In the neoclassical growth model with partial capital mobility, physical capital?s share in factor income determines...
Persistent link: https://www.econbiz.de/10008520100
We suggest a new way to quantify the growth effects of capital mobility. We find that for reasonable parameter values, capital mobility has a large impact on income growth.
Persistent link: https://www.econbiz.de/10008520310
Finanzanlagen entwickelt und die neue Wachstumstheorie bearbeitet. …
Persistent link: https://www.econbiz.de/10005037085
Persistent link: https://www.econbiz.de/10008575588