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Indeterministic Economics (Hardcover, New) Loot Price: R2,587
Discovery Miles 25 870
Indeterministic Economics (Hardcover, New): Aron Katsenelinboigen

Indeterministic Economics (Hardcover, New)

Aron Katsenelinboigen

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Loot Price R2,587 Discovery Miles 25 870 | Repayment Terms: R242 pm x 12*

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The growing turbulence of today's economic life requires innovative approaches to economics. There have been recent dissident works examining both micro- and macroeconomics which call into question orthodox indicators of economic performance--such as profit and gross national product. The present work adds to such innovative economic thought by offering an indeterministic conceptualization of different levels of an economy and by elaborating a variety of stages of economic development, each with its respective measure of performance.

The main conclusions arrived at in this unique work suggest that the fundamental tenets of present-day economic thought must be re-examined. * The overall scheme of measuring changes in economics based on constant prices for some base year must be redesigned in order to avoid measuring development under the guise of measuring growth; * The market price of a business has to be set on the basis of the value of its potential. * It is advisable to measure the firM's current economic performance based on the criterion which designates the gap between the firM's potential and a properly defined ideal state; * Methods of teaching business should be distinguished depending on students' expected right-brain or left-brain orientation; * It is important to realize that the subjective elements of decision-making by the leaders of an economic system or subsystem are intrinsic to indeterministic development of the economy.

General

Imprint: Praeger Publishers Inc
Country of origin: United States
Release date: March 1992
First published: March 1992
Authors: Aron Katsenelinboigen
Dimensions: 234 x 156 x 19mm (L x W x T)
Format: Hardcover
Pages: 336
Edition: New
ISBN-13: 978-0-275-94143-7
Categories: Books > Business & Economics > Economics > Economic theory & philosophy
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LSN: 0-275-94143-4
Barcode: 9780275941437

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