Causal and Stochastic Elements in Business Cycles
Aulin, Arvid![Causal and Stochastic Elements in Business Cycles](https://support.digitalhusky.com/media/annotations/sorted/133/13392363/CHSBZCOP0313392363.jpg)
A critical examination of The prevailing orthodoxy according to which all macroeconomic theory should be reducible to microeconomics. The book provides a mathematical extension of the Lucas theory to allow for the effects of creation of knowledge upon economic development so as to improve the prediction of business cycle data.