Download Economic Theory and Method by Frederik Zeuthen PDF

By Frederik Zeuthen

This ebook is a translation of the Danish publication 'Økonomisk Teori og Metode' (Nyt Nordisk Forlag, Copenhagen, 1942) completely revised and significantly enlarged.

Show description

Read Online or Download Economic Theory and Method PDF

Similar economic theory books

Economics for Everyone: A Short Guide to the Economics of Capitalism

--A hugely readable advisor to how the financial system fairly works--Economics is just too very important to be left to the economists. This brilliantly concise and readable ebook presents non-specialist readers with the entire info they should know the way capitalis

Dynamic Asset Allocation with Forwards and Futures

This can be a sophisticated textual content at the thought of ahead and futures markets which goals at supplying readers with a entire wisdom of ways costs are validated and evolve through the years, what optimum concepts you will count on from the members, what characterizes such markets and what significant theoretical and sensible changes distinguish futures from ahead contracts.

The Neoclassical Theory of Production and Distribution

The item of this booklet is to give a whole, systematic and thorough exposition of the neoclassical concept of construction and distribution. regardless of this easy goal, every one bankruptcy provides extensions of neoclassical concept and interpretations of verified relatives. The booklet has unique elements.

The Emotional Logic of Capitalism: What Progressives Have Missed

The capitalist marketplace, progressives bemoan, is a chilly monster: it disrupts social bonds, erodes emotional attachments, and imposes an summary utilitarian rationality. yet what if such hallowed reviews are thoroughly deceptive? This ebook argues that the creation of recent resources of religion and appeal is essential to the dynamics of the capitalist economic climate.

Extra resources for Economic Theory and Method

Sample text

36 Method and Theories Time enters into static theory in so far as production, consumption and income of any kind are measured per unit of time. But whether this unit is a second or a year is irrelevant because all quantities reckoned per unit of time are influenced proportionately with a change in the duration of the unit. , the labor force, machinery, inventories, property and debts. The connection between these funded quantities and the flow quantities is of decisive importance for the dynamic approach of Part III.

Consequently, it may be irrelevant in relation to all economic valuations. In other cases, certain properties are economically relevant, for instance, heating power per unit of weight of fuel. A recalculation in terms of tons of prime coal or calories or the calculation of an average price in a fixed proportion cannot be used as an exact economic expression when the relative importance of the different criteria are changed. This may be the consequence of a changed distribution of weight between the sub-types.

In order that there should here prevail a static equilibrium for the quantities regarded as dependent variables, these must not be confined by a resistance which does not itself enter into the equilibrium system to be explained. It has therefore been said that static equilibrium is characterized by free mobility, but no movement. There must, by the way, be a certain mutual agreement between the conditions which in economics are regarded as data, but which in reality cannot be quite independent of each other, as, for instance, technology and habits of consumption.

Download PDF sample

Rated 4.06 of 5 – based on 32 votes