Overview

The book presents the basic models of the most important economic agents (households, firms, the banking system etc.). The influence of ethics on the decisions of persons is discussed within the context of mutual influences of one person on another. It is shown that this leads to a Markov chain which converges to a final situation which in many cases is independent of the initial conditions. Different types of decisions are considered: those in personal life, those on the general political and economics constitution and on the current economic policy, and those of normal economic routine (consumption, investment etc.). The reverse influence is treated as well: that of the economic influence on ethics. In the first volume, the conceptual basis of the whole system is laid. The book helps the reader to understand the interdependence of humanities and economics and how to model this interdependence in economics.

Full Product Details

Author:   Wilhelm E. Krelle
Publisher:   Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Imprint:   Springer-Verlag Berlin and Heidelberg GmbH & Co. K
Edition:   2003 ed.
Dimensions:   Width: 15.50cm , Height: 2.00cm , Length: 23.50cm
Weight:   1.510kg
ISBN:  

9783540443186

ISBN 10:   3540443185
Pages:   342
Publication Date:   18 June 2003
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   In Print  
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Table of Contents

The Theory of the Household.- The Theory of the Firm.- The Theory of the Banking System.- The Educational System, Development and Research.- The Theory of the Government.- Determination of the Wage Rates.- The Theory of the Price of Securities and of the Interest Rates.- A Final Remark.

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