Theory of Technical Change and Economic Invariance

Application of Lie Groups

AvRyuzo Sato

Inbunden, Engelska, 1999

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Beskrivning

This revised edition of Ryuzo Sato's seminal work illustrates the timeless nature of his contribution to economics. It is as pertinent today as when it was originally conceived, over twenty years ago.This book deals with a variety of topics in economic theory, ranging from the analysis of production functions to the general recoverability problem of optimal dynamic behavior. They are unified in the theme of 'transformation and invariance'. This book demonstrates the first application of the Lie theory to modern economics and provides a revealing analysis of market behavior and economic invariance.This book will be of interest to scholars of industrial economics, innovation, econometrics and microeconomics.

Produktinformation

Utgivningsdatum:1999-01-27
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Förlag:Edward Elgar Publishing Ltd
ISBN:9781840640779

Utforska kategorier

Mikroekonomi inom Ekonomi och Ledarskap
Nationalekonomi inom Ekonomi och Ledarskap

Mer om författaren

Ryuzo Sato, C.V. Starr Professor of Economics and Director of the Center for Japan-US Business and Economic Studies, Leonard Stern School of Business, New York University, US

Recensioner i media

'Not until economists have given his impressive treatise a thorough reading shall we be in a position to put useful bounds on the value added to economics by this powerful and elegant technique. The ball is now in our court.'

Innehållsförteckning

Contents: Preface 1. An Overview 2. Holotheticity of a Technology 3. A Theory of Endogenous Technical Progress 4. “G-Neutral” Technical Change, Comparative Statics, and Integrability Conditions 5. Holotheticity of an Implicit Technology 6. Self-Dual Preferences and Technologies 7. Dynamic Symmetries and Economic Conservation Laws 8. A Lie Group Approach to the Index Number Problems 9. The Group Structure and the Theory of Observable Market Behavior Appendix: A Brief Survey of Lie’s Theory of Continuous Transformation Groups Index