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Published in:
1998 | OriginalPaper | Chapter
The Canonical Formalism of Macroeconomics
Author : Prof. Arvid Aulin
Published in: The Impact of Science on Economic Growth and its Cycles
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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Let the total human time in a country within a period of production, say a year t, be defined as the grand total N(t) of the living times of all working-age people in society during the year t:$$N\left( t \right) = \begin{array}{*{20}{c}} {N*\left( t \right)} \\ {\sum {{N_i}\left( t \right).} } \\ {i = 1} \end{array}$$