Title:	Econodynamics
Authors:	Vladimir N. Pokrovskii
Keywords:	Econodynamics
Issue Date:	2012
Publisher:	Springer
Description:	This book contains no critique of any theories. It is devoted to understanding the principles of production and contains a consecutive exposition of the technological theory of social production, which can also be understood as the theory of production of value. In the foundation of the theory are laid the achievements of classical political economy. The labour theory of value is completed, after Marx’s hints in Das Kapital, with the law of substitution. The latter states that, when interpreting value, one has to consider that the workers’ efforts in the production of things are substituted with the work of production equipment. A new important concept of substitutive work, as a value-creating production factor, was introduced and used to formulate the appropriate theory. The adequacy of the theory has been tested by using historical data for the U.S. economy. The book is written by a physicist for the scientifically literate reader who wishes to understand the principles of the functioning of a national economy. The book contains a discussion of conventional models (Leontief’s input–output model, the classical Walras market theory and others) and can be considered as a textbook for students of various specialities who have the necessary preparation in physics and mathematics and a desire to study economic problems. I think the monograph could be interesting for energy specialists, who are engaged in planning and analysing the production and consumption of energy carriers, and for economists, who want to know how energy and technology are affecting economic growth.
URI:	http://10.6.20.12:80/handle/123456789/51067
ISBN:	978-94-007-2096-1
Appears in Collections:	Population Studies

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