One of the important sources for the increase of human knowledge
is the keeping of careful records of a system over time, the study
of which may reveal patterns and relationships that otherwise would
not be perceived. Despite the existence of more than 60 years of
national income statistics and their various components and
supplements, such as unemployment and labor force figures, price
levels, relative prices, etc, there has been a dismaying lag in the
use of this data to detect previously unrecognized relationships
among economic variables.
One of the reasons for this disturbing lack of attention to such
patterns is the 18th-century celestial-mechanics type of
mathematics that is generally in use. Deterministic dynamic
mathematical models are often inappropriate to the structural and
topological complexities of the economic system, particularly to
the instability of its fundamental parameters. This intriguing new
book is a step towards an interpretation of the record in terms of
topological patterns represented by a variety of graphs. The type
of long-run topological analysis on which this book is based
reveals some striking properties of the American economy which
conventional economics and econometrics have tended to miss. One of
these is the relative insignificance of the Federal government,
even during the period of the New Deal. Also suggested by the data
are the unexpected effects of governmental action.
Preeminent economist Kenneth Boulding offers this study not only
as a means of coming to a better understanding of our past and
present economic systems, but also as an aid to decision-making
about the future. If the decisions made in the present are based on
unrealistic inferences, he maintains, then they are likely to make
the future worse than it might have been.
General
| Imprint: |
New York University Press
|
| Country of origin: |
United States |
| Release date: |
May 1993 |
| Authors: |
Kenneth Ewart Boulding
|
| Dimensions: |
229 x 152 x 18mm (L x W x T) |
| Format: |
Hardcover
|
| Pages: |
288 |
| ISBN-13: |
978-0-8147-1203-0 |
| Categories: |
Books >
Business & Economics >
General
Promotions
|
| LSN: |
0-8147-1203-7 |
| Barcode: |
9780814712030 |
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
(1)
(1)
