Capital and credit : a new formulation of general equilibrium theory

書誌事項

Capital and credit : a new formulation of general equilibrium theory

Michio Morishima

Cambridge University Press, 1994

1st paperback ed

大学図書館所蔵 件 / 35

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注記

Includes bibliographical references and index

内容説明・目次

内容説明

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.

目次

  • Preface
  • 1. Introduction
  • 2, Capitalist production
  • 3. Production possibility set
  • 4. Temporary equilibrium
  • 5. Stability and motion
  • 6. Innovations and financing
  • 7. Monetary disequilibrium
  • 8. Summary and perspectives into the future
  • Appendices
  • I. Existence of temporary equilibrium
  • II. Increasing returns.

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