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Economics of Space and Time: Scientific Papers of Tönu Puu PDF

268 Pages·1997·9.36 MB·English
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Economics of Space and Time Scientific Papers of Tonu Puu Springer-Verlag Berlin Heidelberg GmbH J. Ake E. Andersson· Martin Beckmann Karl-Gustaf Lofgren· Anders Stenberg (Eds). Economics of Space and Time Scientific Papers of Tonu Puu , Springer Professor Dr. Âke E. Andersson Institute for Future Studies P.O.Box591 S-10131 Stockholm, Sweden Professor Dr. Martin J. Beckmann Brown University Department of Economics P.O.BoxB Providence, RI 02912, USA Professor Dr. Karl-Gustaf LOfgren M.A. Anders Stenberg University of Umeă Department of Economics S-901 87 Umeă, Sweden Springer-Verlag would like to thank the original publishers of Tii nu Puu 's papers for granting per mission to reprint them in this book. ISBN 978-3-642-64596-9 ISBN 978-3-642-60877-3 (eBook) DOI 10.1007/978-3-642-60877-3 Cataloging -in -Publication Data applied for Die Deutsche Bibliothek -CIP-Einheitsaufnahme Puu,TOnu: Economics of space and time: scientific papers of Tiinu Puu 1 Âke E. Anderson ... (ed.).-Berlin; Heidelberg; New York; Barcelona; Budapest; Hong Kong; London; Milan; Paris; Santa Clara; Singapore; Tokyo: Springer, 1997 This work is subject to copyright. Ali rights are reserved, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilm or in any other way, and storage in data banks. Duplication of this publication or parts thereof is permitted only under the provisions of the German Copyright Law of September 9, 1965, in its current version, and permission for use must always be obtained from Springer-Verlag. Violations are liable for prosecution under the German Copyright Law. ©Springer-Verlag Berlin Heidelberg 1997 Softcover reprint of the hardcover 1st edition 1997 The use of registered names, trademarks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. Hardcover design: Erich Kirchner, Heidelberg SPIN 10636073 42/2202-543210 -Printed an acid-free paper Professor Yono Puu, a passionate music lover, with one of his viole di gamba Table uf Contents Preface and Acknowledgments The Editors Tonu Puu -Economic Analyst and Cultural Activist Me E Andersson Tonu Puu and I - in Collaboration Martin Beckmann Tonu Puu at the Department of Economics. Umea University Karl-Gustaf LOfgren I Microeconomics 1. "Some Reflexions on the Theories of Choice Between Alternative Investment Opportunities", Wcltwirtschaftliches Archiv (1967), Band 99, Heft 1, Hoffmann & Campe Verlag, lli~~. 3 2. "Complementarity, Substitutivity and Regressivity in the Theory of Production", Recherches Rccentes sur la Fonction de Production (1968), Centre D'Etudes et de Recherches Universitaire de Namur (Ceruna). 23 3. "Some Comments on 'Inferior' (Regressive) Inputs", The Swedish Journal of Economics 1971. 57 4. "Free Entry and Efficient Distribution of Inputs in a One-product Industry", Metroeconomica, Vol XXIV -Gennaio -Aprile 1972, Fasc 1, Capelli. Bologna. 69 5. "On the Profitability of Exhausting Natural Resources", Journal of Environmental Economics and Management 4 (1977), 185-199. Academic Press. Orlando. Florida. 85 VII II Spatial Economics 6. "Towards a Theory of Optimal Roads", Regional Science and Urban Economics 8 (1978), 225-248, Elsevier Science Ltd, North-Holland. 103 7. "Catastrophic Structural Change in a Continuous Regional Model", Regional Science and Urban Economics 11 (1981), 317-333, Elsevier Science Ltd. North-Holland. 127 8. "Multiplier-accelerator Models Revisited", Regional Science and Urban Economics 16 (1986), pp 81-95, Elsevier Science Ltd, North-Holland. 145 9. "Pattern Formation in Spatial Economics", Chaos Solitons & Fractals (1993), Vol 3, No I, pp 99-129, Pergamon Press, Elsevier Science Ltd, Oxford. England. 161 1O."The Chaotic Monopolist", Chaos, Solitons & Fractals (1995), Vol 5, No l. pp 35--l4. Pergamon Press, Elsevier Science Ltd. o.\rord. England. 193 III Philosophy of Science 11." A Graphical Solution of Second-Order Homogeneous Difference Equations", Oxford Economic Papers, Vol 15 No 1, March 1963. 205 12. "Some Reflections on the Relation Between Economic Theory and Empirical Reality", The Swedish Journal of Economics, June 1967, vol 69, No 2, pp 86-114. 211 13. "On Progress and Perfection in the Arts and Sciences", Ricerche Economiche (1992), XLVI, 1-2, pp 75-90, Academic Press Ltd, London. 241 Curriculum Vitae 257 The Collected Scientific Works ofTonu Puu 261 VIII Preface and Aclmowledgements The Editors This book is a collection of articles by Professor Tonu Puu presented to him on the occasion of his 60tl1 birthday. Not included are some innovative papers whose contents were subsequently included in Tonu Puu's well-known book "The Allocation of Road Capital in two-dimensional Space" (North Holland 1979). Unfortunately those papers are no longer available in print. The complete bibliography (p 2(1) lists many more articles that would have been worth reprinting, but we had to observe a certain limit on space. The editors wish to thank Mikael Bask, a graduate in Engineering, for a unique effort in the final stages of the editing process. Tonu Puu -Economic Analyst and Cultural Activist by Ake E Andersson In Tonu Puu one finds the rare combination of creativity, learning and wide ranging interest in the arts and cultural affairs. Over the years he has contributed distinctively creative ideas, while extending economics both into continuous two dimensional space and time. Building upon Beckmann's paper -"A continuous Model of Transportation", published in 1952, Tonu Puu and Martin Beckmann have developed the general two-dimensional theory of spatial economies. This is a remarkably creative contribution. Instead of concentrating on optimality as is conventionally done, Tonu Puu there used properties needed to ensure structural stability as well as a powerful use of bifurcation theory to show under what conditions spatial flow and location patterns might undergo fundamental structural change. In this respect the whole theory was brought into a close and potentially fruitful contact with evolutionary economics. His wide ranging cultural interests have been demonstrated at a theoretical level in his forthcoming book Economics and Culture - a Safari. In this, richly illustrated, extensive essay he covers such seemingly unrelated themes as civilisation as analysed by Frazer, Vivaldis Oevre, cultural scenes of Paris, Vienna, and Florence. And among the figureheads of science, philosophy and the arts, he analyses Poincare, Bolzmann as well as Bach, Hernoncour and Albrecht DUrer. And all this is brought to a unified treatment in an analysis of the dynamics of the development in society and the arts. But Tonu Puu is not only a creative economic theoretician and an analyst of culture, arts and society. His interest in the arts has been practical and entreprencurial as well. His deep interest in music in general, the current revival of early music and especially interpretation of baroque composers has directed his creation and development of the best baroque music festival of Northern Europe. All of his friends and most of his colleagues have been impressed by the capacity to combine major scientific achievements with Tonu and Gertrud Puu's creation. innovation and production of these musical highlights every second year in the north of Sweden. To those of us who know that sometimcs musicians in these concerts play on instruments built by Tonu. it gives a natural addition to the picture of this multi faceted personality.

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This book contains a sample of Professor Tönu Puu's contributions to economic theory. The topics range from seminal results on investment criteria under imperfect capital markets and rules for optimal resource extraction when the grade of the ore is heterogeneous, to applications of modern nonlinea
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