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Walras, Léon --- Equilibre (Economie politique) --- Walras, Léon, --- Walras, Leon, --- 08 --- Biografieën en memoires. --- Walras, Léon, --- Equilibrium (Economics) --- AA / International- internationaal --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences) --- Biografieën en memoires --- Walras, Marie Esprit Léon, --- Walras, Léon, - 1834-1910

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Contemporary general equilibrium theory is characteristically short-run, separated from monetary aspects of the economy, and as such does not deal with long-run problems such as capital accumulation, innovation, and the historical movement of the economy. These phenomena are discussed by growth theory, which assumes a given or shifting production function, and in turn cannot therefore deal with the fundamental problem of growth, namely how the production function is derived. Thus traditional theories have a common weakness in that they divorce real economic growth from the activities of the financial sector. This book provides a much-needed synthesis of growth theory and monetary theory. Professor Morishima draws on the work of Schumpeter, Keynes and the pre-war neoclassical economists to formulate a capital-theoretic general equilibrium theory.

Capital --- Monetary policy --- Economic development --- Equilibrium (Economics) --- 339.5 --- Economics growth --- credits --- developpement economique --- monnaie --- politique monetaire --- theorie monetaire --- Monetary management --- Economic policy --- Currency boards --- Money supply --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Economics --- Statics and dynamics (Social sciences) --- Development, Economic --- Economic growth --- Growth, Economic --- Development economics --- Resource curse --- Capital assets --- Fixed assets --- Capitalism --- Infrastructure (Economics) --- Wealth --- kredieten --- economische ontwikkeling --- geld --- monetair beleid --- monetaire theorie --- Business, Economy and Management --- Money market. Capital market --- Capital. --- Monetary policy. --- Economic development.

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Economics --- Equilibrium (Economics) --- International trade --- Rader, Trout, --- Bibliography --- AA / International- internationaal --- 382.50 --- 382.10 --- Internationale handelsbetrekkingen: algemeenheden. --- Theorieën van internationale en interregionale handel: algemeenheden. Comparatieve voordelen. --- Economics. --- International trade. --- Equilibrium (Economics). --- External trade --- Foreign commerce --- Foreign trade --- Global commerce --- Global trade --- Trade, International --- World trade --- Commerce --- International economic relations --- Non-traded goods --- DGE (Economics) --- Disequilibrium (Economics) --- DSGE (Economics) --- Dynamic stochastic general equilibrium (Economics) --- Economic equilibrium --- General equilibrium (Economics) --- Partial equilibrium (Economics) --- SDGE (Economic theory) --- Statics and dynamics (Social sciences) --- Economic theory --- Political economy --- Social sciences --- Economic man --- Theorieën van internationale en interregionale handel: algemeenheden. Comparatieve voordelen --- Internationale handelsbetrekkingen: algemeenheden --- Rader, J. Trout --- Rader, John Trout, --- Bibliography. --- Rader, Trout, - 1938- - Bibliography --- Rader, Trout, - 1938 --- -Economics --- -Economics.

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We develop an overlapping generations model of a developing economy in which ‘culture’ and technology interact to determine savings, investment and growth. Investment is assumed to involve intermediation or other costs which may, in each period, result in either of two stable equilibria for the savings rate. At the “good” equilibrium, savings and growth are higher than at the “bad” equilibrium, whether the country attains the good or bad equilibrium in any period depends on each individual’s belief about the savings behavior of other agents in the economy. The model implies that fiscal policy or public activities to facilitate private investment can influence saving. In particular, a sustained period of fiscal restraint can shift the economy onto a higher savings and growth path.

Banks and Banking --- Econometrics --- Investments: Stocks --- Macroeconomics --- General Equilibrium and Disequilibrium: General --- Intertemporal Consumer Choice --- Life Cycle Models and Saving --- Fiscal Policies and Behavior of Economic Agents: General --- Aggregate Factor Income Distribution --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Neoclassical --- Labor Economics: General --- Interest Rates: Determination, Term Structure, and Effects --- Investment & securities --- Econometrics & economic statistics --- Labour --- income economics --- Finance --- Income --- Stocks --- Overlapping generations models --- Labor --- Real interest rates --- National accounts --- Financial institutions --- Econometric analysis --- Financial services --- Equilibrium --- Economics --- Labor economics --- Interest rates --- Japan