Capital and Knowledge
Dynamics of Economic Structures with Non-Constant Returns
Published on 6. December 2012
XI, 431 pages
978-3-642-58254-7 (ISBN)
Description
This book constructs an economic theory which may be studied like the I Ching: it contains multiple patterns within a grand whole; it consists of multiple parts and each part represents itself as a consistent unity. The book is the key part of my economic theory with endogenous popUlation, capital, knowledge, preferences, sexual division of labor and consumption, institutions, economic structures and exchange values over time and space (Zhang, I 996a). It has taken me a long laborious process to systematize the ideas represented in this book: formulating the grand vision in Schumpeter's sense, searching for or creating many ideas, of which only a few have 'survived', and now completing this book to make a tell. I remember Schumpeter's attitude: new ideas, unless carefully elaborated, panistakingly defended, and 'pushed', simply will not tell (Schumpeter, 1934), Keynes' observation: the difficulty lies, not in the new ideas, but in escaping from the old ones, which ramifY . . . . into every comer of our minds (Keynes, 1936), as well as Confucius' recognition of the importance oftiming: If my p'rinciples are to advance, it is so ordered. If they are to fall to the ground,it is so ordereo. (Confucius, 1992). Acknowledgements I completed this book at the Swedish Institute for Futures Studies. I am grateful to the pleasant and effective environment· produced by the staff of the Institute. I acknowledge my deep appreciation to Professor Ake E. Andersson, my supervisor of Ph. D.
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Content
1 Introduction.- 1.1 Classical Economics.- 1.2 General Equilibrium Theory.- 1.3 Neoclassical Growth Theory.- 1.4 Disequilibrium Economics.- 1.5 Economic Structure.- 1.6 Economics with Returns to Scale.- 1.7 Modern Vision of Economic Processes by Complex Theory.- 1.8 Structure of the Study.- 2 One-Sector Growth Models under Constant Returns to Scale.- 2.1 The One-Sector Growth Model.- 2.2 Growth with Home Capital.- 2.3 Time Distribution in the One-Sector Growth Model.- 2.4 Conclusions.- A. 2.1 Production Functions in Growth Theory.- A. 2.2 Preference and Utility Functions.- A. 2.3 The Solow-Swan Model.- A. 2.4 The Ramsey Growth Model.- 3 One-Sector Economies under Non-Constant Returns to Scale.- 3.1 The Growth Model with Public Goods.- 3.2 Knowledge, Population, Environment and Economic Growth.- 3.3 An Economic Dynamics with Livestock.- 3.4 Economic Development with Human Capital and Opening.- 3.5 On Returns to Scale.- A. 3.1 Economic Growth with Money.- A. 3.2 Economic Chaos with Endogenous Population.- 4 Knowledge, Growth and Economic Structures.- 4.1 An Agricultural Economy with Land Ownership Distribution.- 4.2 A Two-Sector Ricardian Economy.- 4.3 The Ricardian System with Knowledge and Infrastructures.- 4.4 A Structural Dynamics of Agriculture, Industry and Service.- 4.5 Economic Structure with Multiple Capital Goods.- 4.6 On Economic Structures.- A. 4.1 The Neoclassical Two-Sector Growth Model.- A.4.2 The Neoclassical Multiple Sector Models.- A.4.3 Proving Proposition 4.2.1.- A.4.4 Proving Proposition 4.4.1.- A.4.5 Proving Proposition 4.5.1.- 5 Knowledge, Growth and Wealth Distribution.- 5.1 Income Distribution with Human Capital, Diligence and Frugality.- 5.2 Growth with Government's Redistribution Policy.- 5.3 Economic Structure with Multiple Groups and JobAmenities.- 5.4 A Two-Group Growth Model with Capital and Knowledge.- 5.5 On Economic Evolution with Multiple Groups.- A.5.1 Distribution of Income and Wealth in Sato's Model.- A.5.2 Proving Propositions 5.1.1 and5.1.2.- A.5.3 Proving Proposition 5.3.1.- A.5.4 Proving Proposition 5.4.1.- 6 Education, Research and Growth.- 6.1 Education and Saving in the Growth Model.- 6.2 The Research Model with Job Amenities.- 6.3 The Two-Group Model with Research and Job Amenities.- 6.4 Growth with Capital, Human Capital and Knowledge.- A.6.1 Proving Proposition 6.1.1.- 7 Unemployment in Disequilibrium Dynamics.- 7.1 Growth and Unemployment in a Two-Group Economy.- 7.2 Unemployment with Endogenous Knowledge.- 7.3 Unemployment in a 'Welfare Economy'.- 7.4 Conclusions.- A. 7.1 Proving Lemmas 7.1.3 and 7.1.4 and Examining the Case of Different Preferences.- A. 7.2 Proving Proposition 7.2.1.- 8 Economic Development with Sexual Division of Labor.- 8.1 Sexual Division of Labor with Home Capital and Time Distribution.- 8.2 The Impact of Female Labor Participation on Knowledge Economies.- 8.3 Sexual Division of Labor with Capital and Knowledge.- 8.4 Economic Growth with Sexual Discrimination.- 8.5 On Complex of Sexual Division of Labor and Consumption.- A.8.1 Proving Lemmas 8.1.3 and 8.1.4.- A.8.2 Proving Lemma 8.2.1.- A.8.3 Proving Propositions 8.3.1 and 8.3.2.- 9 Preference Change with Capital and Knowledge.- 9.1 Preference Change in the One-Sector Growth Model.- 9.2 Dynamics of Capital, Knowledge and Preference.- 9.3 Dynamic Economic Structure with Preference Change.- 9.4 Growth and Preference Change with Sexual Division of Labor.- 9.5 Concluding Remarks.- 10 Summary.- Name Index.
