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Milton Friedman once (allegedly) famously said "We are all Keynesians now." This book, grounded in the author's general economic theory, uses a comprehensive microeconomic foundations framework to reveal, in a unique way, the complexity of the government's role in modern economies. It analyzes the dynamic interdependence among economic growth, structural change, money, prices, wages, human capital, and research, with government intervention. It offers an original approach that addresses endogenous wealth, knowledge growth, human capital accumulation, economic structure, and the dynamic interdependence between growth and government within a comprehensive economic framework grounded in microeconomics. It is composed of many models and each model can be mathematically integrated with any other models in the book. The book provides a computational procedure for simulation so that anyone can see dynamics of the system with computers.
Milton Friedman once (allegedly) famously said "We are all Keynesians now." This book, grounded in the author's general economic theory, uses a comprehensive microeconomic foundations framework to reveal, in a unique way, the complexity of the government's role in modern economies. It analyzes the dynamic interdependence among economic growth, structural change, money, prices, wages, human capital, and research, with government intervention. It offers an original approach that addresses endogenous wealth, knowledge growth, human capital accumulation, economic structure, and the dynamic interdependence between growth and government within a comprehensive economic framework grounded in microeconomics. It is composed of many models and each model can be mathematically integrated with any other models in the book. The book provides a computational procedure for simulation so that anyone can see dynamics of the system with computers.
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