My Account Wish List
Advanced Search
Print - Close Window
www.greenwood.com/catalog/GM0796.aspx
All Greenwood Products
The Theory of Aggregate Investment in Closed Economic Systems
(Click to Enlarge)
Kofi Kissi Dompere
ISBN: 0-313-30796-2
ISBN-13: 978-0-313-30796-6
224 pages
Praeger Publishers
Publication: 11/30/1999
List Price: $131.95 (UK Sterling Price: £91.95)
Availability: In Stock
Media Type: Hardcover
Trim Size: 6 1/8 x 9 1/4
Subjects:
Description: Although economic theory has increased our understanding of some economic problems, it has rendered others, including the problem of capital accumulation, growth, and development, more difficult to understand. Focusing on capitalist economic systems, this book develops a theoretical approach to the study of aggregate capital dynamics. The theory is developed within the Keynesian framework of aggregate thinking and builds on the work of such Cambridge economists as Robinson, Kaldor, and Pasinetti. The approach helps to resolve some theoretical difficulties within the Keynesian framework for studying aggregate investment behavior. Dompere also provides a criticism of the neoclassical investment theory and the general neoclassical theoretical framework for studying aggregate capital accumulation, investment, and growth.

Reexamining some questions on investment that earlier theorists have tried to answer, this study develops some of the basic ideas of Keynes, Robinson, Kaldor, and Pasinetti into a general theoretical system that allows an optimal aggregate capital and investment to be determined for a given information set.
Table of Contents:
  • Introduction
    The Neo-Keynesian Framework
    The Neo-Keynesian Optimal Capital Theory
    The Theory of Aggregate Investment Behavior in a Closed Economy
    Fiscal Policy and Optimal Capital Accumulation
    The Theory of Aggregate Investment and Neoclassical One-Sector Growth in a Closed Economy
    A Methodological Critique and Appraisal of the Neoclassical Theory of Investment and Other Alternative Theories
    Concluding Remarks and Reflections
    References
    Index
About the Author: KOFI KISSI DOMPERE is associate professor of economics at Howard University. He is coauthor of Epistemics of Development Economics (Greenwood, 1995), and author of a companion to the present volume, The Theory of Aggregate Investment and Output Dynamics in Open Economic Systems (Greenwood, 1999). Additionally, Dompere has published a number of researched essays on the effects of technological progress on factor demand, inventory accumulation and prices. He has also authored a number of complementary essays on the theory of fuzzy decisions and cost-benefit analysis.
LCC Class: 339
All rights reserved. Copyright © 1999-2009 ABC-CLIO
130 Cremona Dr., Santa Barbara, CA 93117 805-968-1911