1.

Record Nr.

UNINA9910863169603321

Autore

Zhang Wei-Bin

Titolo

The General Economic Theory : An Integrative Approach / / by Wei-Bin Zhang

Pubbl/distr/stampa

Springer International Publishing, 2020

Cham : , : Springer International Publishing : , : Imprint : Springer, , 2020

ISBN

9783030562045

3-030-56204-2

Edizione

[1st ed. 2020.]

Descrizione fisica

1 online resource (351 pages) : illustrations

Disciplina

330.1

Soggetti

Microeconomics

Economic development

Econometrics

Economics - History

Economic Growth

Quantitative Economics

History of Economic Thought and Methodology

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Nota di contenuto

The Time for a Grand Economic Theory -- The Basic Model for the Integration -- An Integration of Walrasian General Ricardian Distribution, and Neoclassical Growth Theories -- Education, National Debts, and Development Traps -- Income and Wealth Inequalities with Racial Human Capital Externalities -- Growth with Public Knowledge and Human Capital -- Population Dynamics with Endogenous Birth and Mortality Rates -- Health, Environment, Resources, and Government -- Preference Change, Social Status, Habits, and Fashion -- Portfolio Choice in General Dynamic Equilibrium -- Money and Unstable Economic Changes -- Growth Theory Enriched by Monopoly, Monopsony, and Game Theories -- Growth and Economic Structure with Perfect and Monopolistic Competition -- Trade Pattern, Tourism, and Global Development -- Alonso's Urban and Solow's Growth Models Integrated -- Miscellaneous Issues and Conclusion. .



Sommario/riassunto

This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis. The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline.