IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-56204-5_2.html
   My bibliography  Save this book chapter

The Basic Model for the Integration

In: The General Economic Theory

Author

Listed:
  • Wei-Bin Zhang

    (Ritsumeikan Asia Pacific University)

Abstract

This chapter starts the process of constructing the theory by building a model, called the basic model in this book, similar to the Solow–Swan model with an alternative concept of disposable income and utility function. It defines the basic model and its relations with some core growth models in macroeconomics. The first two sections develop the basic model and examine its behavior. Section 2.3 provides a theoretical foundation for the utility function proposed by the author. Section 2.4 shows that the rational behavior of household in the basic model yields the same economic mechanism as in the Keynesian consumption function. Section 2.5 shows that the basic model generates the same economic phenomena as the Solow growth model if I specify some preference change. Section 2.6 shows that the basic model generates the same economic phenomena as the Ramsey–Cass–Koopmans model with some endogenous preference change.

Suggested Citation

  • Wei-Bin Zhang, 2020. "The Basic Model for the Integration," Springer Books, in: The General Economic Theory, chapter 0, pages 19-39, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-56204-5_2
    DOI: 10.1007/978-3-030-56204-5_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-56204-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.