Background
TAKAYAMA, Akira was born in 1932 in Yokohama, Japan.
(This book provides a systematic exposition of mathematica...)
This book provides a systematic exposition of mathematical economics, presenting and surveying existing theories and showing ways in which they can be extended. One of its strongest features is that it emphasises the unifying structure of economic theory in such a way as to provide the reader with the technical tools and methodological approaches necessary for undertaking original research. The author offers explanations and discussion at an accessible and intuitive level providing illustrative examples. He begins the work at an elementary level and progessively takes the reader to the frontier of current research. This second edition brings the reader fully up to date with recent research in the field.
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TAKAYAMA, Akira was born in 1932 in Yokohama, Japan.
Bachelor of Arts International Christian University, 1957. Master of Arts, Doctor of Philosophy University Rochester, 1960, 1962. Doctor Economics Hitotsubashi University, Tokyo, 1964.
Instructor, Assistant Professor, International Christian University, Tokyo, Japan,
4. Fellow Economics Statistics, University Manchester, 1964-1965. Visiting Association Professor, University Minnesota, 1965-1966.
Visiting Association Professor, Professor, Purdue University, Indiana, 1966-1980.
Visiting Professor, Professor, Texas Agricultural and Mechanical University, 1978-1982. Professor, Kyoto University, Japan, since 1982.
Visiting Fellow, American National University, 1968, 1977. Visiting Professor, University Rochester, New York,
70.
University Hawaii, 1971-1972, University Tokyo,1974, 1975.
Vandeveer Professor of Economics, Southern Illinois University, Carbondale, Illinois, United States of America, since 1983. Advisory Editor, Economy Letters-, Association Editor, 7 Macroecon.
(This book provides a systematic exposition of mathematica...)
Synthesised diversified topics in mathematical economics into a coherent whole in Mathematical Economics", likewise with international economics in International Trade. Major contributions in papers: International trade — in showing that the usual procedure of comparing two commodities in determining comparative advantage is false in a multi-commodity world. Growth theory
in proving that the Nurkse balanced growth hypothesis is in general false and that the usual instability result of neoclassical monetary growth models can be reversed if securities are introduced in the model.
Macroeconomics
in proposing a money supply formula in which the money supply is endogeneous depending on the rate of interest, and in putting into proper perspective the long-debated problem of stocks and flows. Monetary approach to the balance of payments — in finding the proper understanding of the classical mechanism of international adjustment and proving the equivalence of the devaluation condition and the stability condition of the long-run equilibrium. Open macro models — in expressing into a clear and consistent analytical framework the issue of fiscal and monetary policies under fixed and flexible exchange rates.
Industrial organisation — in presenting the first correct analysis of the behaviour of the firm under a regulatory constraint, and
then later in recapitulating the argument in a dynamic framework. Microtheory — in clarifying (hopefully once and for all) the concept of consumer’s surplus. American economic history — in empirically establishing that United States economic growth is neither Hicksneutral nor Harrod-neutral but rather Solow labour-saving, and that the elasticity of substitution between labour and capital is fairly constant and is approximately equal to 0.64.