Jing Chen
The Unity of Science and Economics
A New Foundation of Economic Theory
Buch
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external envi…
Mehr
Beschreibung
This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.
CHF 140.00
Preise inkl. MwSt. und Versandkosten (Portofrei ab CHF 40.00)
V301:
Libri-Titel folgt in ca. 2 Arbeitstagen
Produktdetails
- ISBN: 978-1-4939-3464-5
- EAN: 9781493934645
- Produktnummer: 18976331
- Verlag: Springer-Verlag GmbH
- Sprache: Englisch
- Erscheinungsjahr: 2015
- Seitenangabe: 136 S.
- Masse: H24.1 cm x B16.0 cm x D1.2 cm 401 g
- Auflage: 2016
- Abbildungen: Book; 15 schwarz-weiße und 5 farbige Abbildungen, 5 farbige Tabellen, Bibliographie
- Gewicht: 401
79 weitere Werke von Jing Chen:
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 143.50
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 65.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 65.00
A New Foundation of Economic Theory
Ebook (EPUB Format)
CHF 130.00
A New Foundation of Economic Theory
Ebook (EPUB Format)
CHF 135.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 65.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 153.50
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 132.50
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 135.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 189.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 70.95
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 65.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 44.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 66.50
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 136.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 103.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 2.00
A New Foundation of Economic Theory
Ebook (PDF Format)
CHF 118.00
A New Foundation of Economic Theory
Ebook (EPUB Format)
CHF 69.00
Bewertungen
0 von 0 Bewertungen
Anmelden
Keine Bewertungen gefunden. Seien Sie der Erste und teilen Sie Ihre Erkenntnisse mit anderen.