A Dynamic Economic Theory of Heterogenous Households
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A Dynamic Economic Theory of Heterogenous Households
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English | May 29, 2026 | ISBN-10: 9819589177 | 310 pages| Epub PDF (True) | 55 MB
This book advances growth theory with heterogenous households (such as gender, professions, classes, races) by integrating various theories of modern economics into a comprehensive analytical framework. Classification of households into different groups is based on behavioral characters (such as propensities to save, to enjoy leisure, to have children), economic conditions, social status, or other identities (such as ethnicity). It is composed of many models — each emphasizing interactions between households, and some economic, technological, human capital, knowledge, institutional, environmental, or structural variables. Each model can be mathematically integrated with any other model in the book. The book also provides a computational procedure for simulation so that anyone can see dynamics of the system with computers.