Springer The General Economic Theory: An Integrative Approach

This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis. The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline. From the Back Cover This book develops a general economic theory that integrates various economic theories and ideas and establishes important relationships between economic variables that are not formally recognized in the economic literature. The author demonstrates how the basic model is integrated with neoclassical growth theory, Walrasian general equilibrium theory, and Ricardian distribution theory, and how these theories can be incorporated through a single set of equations with a microeconomic basis. The book offers new insights into income and wealth distribution between heterogeneous households, racial and national differences in growth and development, interdependence between different stock variables with portfolio choices among different markets. It will appeal to scholars of economists interested in an integrative theoretical approach to this discipline. About the Author Wei-Bin Zhang, PhD (Umeå, Sweden), is a Professor of Economics in Ritsumeikan Asia Pacific University, Japan. His main research fields are nonlinear economic dynamics, general economic theory, East Asian economic development, and Confucianism. He has published 240 academic articles in peer-review international journals and authorized 22 academic books. Prof. Zhang is editorial board members of 12 international journals. He is the editor of Encyclopedia of Mathematical Models in Economics (in two volumes) as a part of the unprecedented global effort, The Encyclopedias of Life Support Systems, organized by The UNESCO.