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Theories of Technical Change and Investment : Riches and Rationality - Chidem Kurdas

Theories of Technical Change and Investment

Riches and Rationality

Hardcover

Published: 19th July 1994
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'Technology is becoming ever more widely recognised as the crucial element in the explanation of economic growth and business fluctuations. Yet the relationship between investors' rationality and investment strategy remains ill understood, and is often constructed in contradictory fashion. Chidem Kurdas's lucid exploration of the problem provides the basis for a synthesis that should prove extremely useful: it is the most original book if its kind that I know.' Professor Heilbroner, The New School for Social Research, New York What is involved in the rational calculation behind the decision to invest and innovate? This book compares the different answers given to this question, from the early classics to recent new classical and new institutionalist models, in a both rigorous and accessible way.

Introduction - The Classics: Diverse Behavioral Assumptions - Keynes & the Post-Keynesians: Arbitrary Expectations - Neoclassical Models: Unbounded Rationality - Neoinstitutionalism: Bounded Rationality - Summing Up - Bibliography - Index

ISBN: 9780333558287
ISBN-10: 0333558286
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 161
Published: 19th July 1994
Publisher: SPRINGER VERLAG GMBH
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 1.42
Weight (kg): 0.37
Edition Number: 1