Chapter

Static Method in Dynamic Theory

John Hicks

in Methods of Dynamic Economics

Published in print October 1987 | ISBN: 9780198772873
Published online November 2003 | e-ISBN: 9780191596438 | DOI: http://dx.doi.org/10.1093/0198772874.003.0003
 Static Method in Dynamic Theory

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Static theory has a place of its own as something more than a preliminary to dynamics. There are problems of applied economics where a static approach is perfectly appropriate. However, there are others for which it is not appropriate. This chapter argues dynamic methods are needed for the study of such problems.

Keywords: dynamic economy; economic dynamics; dynamic theory; static theory

Chapter.  2504 words. 

Subjects: Macroeconomics and Monetary Economics

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