• Anglický jazyk

Steady State Economy

Autor: Lambert M. Surhone

A steady state economy is an economy of relatively stable size. In Solow growth model, the steady state is the long-run outcome of the model. In the economy starts away from its steady state, it gradually moves toward it. The term typically refers to a national... Viac o knihe

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O knihe

A steady state economy is an economy of relatively stable size. In Solow growth model, the steady state is the long-run outcome of the model. In the economy starts away from its steady state, it gradually moves toward it. The term typically refers to a national economy, but it can also be applied to the economy of a city, region, or the entire planet. The steady state economy is an entirely physical concept. Any non-physical components of an economy (e.g., knowledge) can grow indefinitely. But the physical components (e.g. supplies of natural resources, human populations, and stocks of human-built capital) are constrained by the laws of physics and beholden to ecological relationships. An economy could reach a steady state after a period of growth or after a period of downsizing or degrowth. The objective is to establish it at a sustainable scale that does not exceed ecological limits.

  • Vydavateľstvo: Betascript Publishers
  • Rok vydania: 2009
  • Formát: Paperback
  • Rozmer: 220 x 150 mm
  • Jazyk: Anglický jazyk
  • ISBN: 9786130307813

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