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1911) 'The Principles of Scientific Management', in F. W. Taylor, Scientific Management, London, Harper and Row, 1964. I Decomposition of economies and structural dynamics Traverse analysis in a neoAustrian framework BERNARD BELLOC 1 The neo-Austrian framework Any denomination is unsatisfying and it is not really convincing to call the neo-Austrian the Hicksian Capital and Time model. Our aim in this first part is to show that the so-called neo-Austrian framework is simply another way to look at production activities.
745-93. Hawkins, D. (1948) 'Some Conditions of Macroeconomic Stability', Econometrica, 15 (October): 309-22. Hawkins, D. and Simon, H. A. (1949) 'Note: Some Conditions of Macroeconomic Stability', Econometrica, 17 (July-October): 245-8. Hermann, F. B. W von (1832) Staatswirtschaftliche Untersuchungen, Munich. Hicks, J. (1939) Value and Capital. An Inquiry into Some Fundamental Principles of Economic Theory, Oxford, Clarendon Press. (1973) Capital and Time. A Neo-Austrian Theory, Oxford, Clarendon Press.
G. the differential dynamics of inventory and fixed capital accumulation and decumulation), as well as of interdependent discrete lag-structures, generates complex dynamical patterns. In the review of these early contributions, it is also recalled that the analytical device of diagonalising the coefficients matrix of the economic system could be the basis for identifying distinct modes of dynamic behaviour in a linear Introduction 21 system of interdependencies (so that the actual dynamics of each original sector appears as a particular linear combination of such distinct modes or dynamic behaviour).