ENGLISH

The Microeconomic Growth

By Meng Liang (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2014
ISBN
978-3-642-39379-2, 978-3-642-39380-8
DOI
10.1007/978-3-642-39380-8
Language
english
Format
PDF
Filesize
1 MB (1413831 bytes)
Edition
1
Pages
152\159
Orientation
yes
Scanned
yes
Time added
2013-10-31 00:27:47
Microeconomics; Economic Theory

Description

This book primarily discusses what could make the economy remain stable and increase the level of coordination, both on the demand and supply side, a fascinating question for economists. In this context, it systematically analyzes the theory of consumption and production growth. Most of the existing economic growth theories fail to analyze consumption growth. That oversight is remedied here, greatly enhancing the usefulness of economic growth theory. Factors influencing consumption and production at the micro scale provide the foundations of the analyzing frame. An economic system with endogenous technological progress can most likely only be rapidly coordinated under market conditions similar to those in a monopoly competition market. Over the course of the work, readers will discover that there is another way of viewing the economic world which is different from regular textbooks.

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