Economic theory of everything and its price dynamics

Dawood MAMOON

Abstract


Abstract. This is a short note that brings back Joseph Schumpeter work to the fore front in help define Economic theory of everything by suggesting his reference to endogenous growth modeling and its overtime evolution to this day may help explain and predict economic phenomenon through adding technical progress to production models as variable with monetizing time as additional input cost.

Keywords. New economics, Endogenous growth models.

JEL. F43, F63, I25.

Keywords


New Economics; Endogenous Growth Models.

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References


Schumpeter, J.A. (1906). Uber die Mathematische Methode der Theoretischen Okonomie. Zeitschrift fur Volkswirtschaft, Sozialpolitik und Verwaltung, Germany; Wein.




DOI: http://dx.doi.org/10.1453/jeb.v5i1.1586

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