{"product_id":"the-impact-of-science-on-economic-growth-and-its-cycles-the-mathematical-dynamics-determined-by-the-basic-macroeconomic-facts-von-arvid-aulin","title":"The Impact of Science on Economic Growth and its Cycles","description":"The author shows that the enormous gap between theory and facts in modern macroeconomics can only be eliminated by nonlinear macroeconomic dynamics with the following special characteristics: First of all, only certain group-theoretical invariants generate the correct growth cycles with irregularly varying lengths, not any stochastic process as usually applied for this purpose. Furthermore, a special extended value function and generalized human capital are needed for a correct representation of scientific and technological innovation. Finally, the correct nonlinear macroeconomic dynamics are not reducible to microeconomics, for both of the above mentioned reasons.\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783540647270\"\u003e\u003ch3\u003eThe Mathematical Dynamics Determined by the Basic Macroeconomic Facts\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783540647270","offer_id":39436399149149,"sku":"9783540647270","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/05f77ed7-1c13-41b9-ac9c-03204d74c977.jpg?v=1773381332","url":"https:\/\/shop.autorenwelt.de\/products\/the-impact-of-science-on-economic-growth-and-its-cycles-the-mathematical-dynamics-determined-by-the-basic-macroeconomic-facts-von-arvid-aulin","provider":"Autorenwelt Shop","version":"1.0","type":"link"}