---
product_id: 6442180
title: "Recursive Methods in Economic Dynamics"
price: "€ 204.87"
currency: EUR
in_stock: true
reviews_count: 12
url: https://www.desertcart.es/products/6442180-recursive-methods-in-economic-dynamics
store_origin: ES
region: Spain
---

# Recursive Methods in Economic Dynamics

**Price:** € 204.87
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Recursive Methods in Economic Dynamics
- **How much does it cost?** € 204.87 with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.es](https://www.desertcart.es/products/6442180-recursive-methods-in-economic-dynamics)

## Best For

- Customers looking for quality international products

## Why This Product

- Free international shipping included
- Worldwide delivery with tracking
- 15-day hassle-free returns

## Description

Recursive Methods in Economic Dynamics: 9780674750968: Economics Books @ desertcart.com

Review: Macro done right, mathematically - A (very) rare macroeconomics textbook that's rigorous, and excellently done on top of it. The presentation style is the same as to what you'd find in a math textbook but with a slower pace and very specific scope of treating microfoundations of macroeconomics. The one mathematical tool used is dynamic programming. The book is divided into three parts: 1. Deterministic problems, e.g. a growth model with no shock in productivity. 2. Stochastic problems, e.g. a growth model with Markovian shocks in productivity. 3. Competitive equilibria and welfare theorems, I recommend some familiarity with elementary analysis: For part 1, The type of arguments used don't go beyond the level of, say, Rudin's undergrad text on analysis. Part 2 delves into a little measure theory but the author confine themselves to the bare bones, only what is needed to prove relevant results. The treatment is very gentle and self-contained. They define the Lebesgue integral against an arbitrary measure but does not construct the Lebesgue measure on the line (which takes some doing). Monotone class lemma, a single lemma in a real analysis book, is given its own section. Same goes for conditional expectation. Part 3 is about welfare theorems. Only very basic notions from functional analysis is used here. It's evident that a conscious decision was made to make the presentation as focused as possible. No unnecessary definitions and proofs, e.g. the notion of Banach spaces is not mentioned, Hanh-Banach theorem is only stated, analysis is only done on a normed vector space in the normed topology. In fact, the main result from Part 2, the stochastic Principle of Optimality, should be treated functional analytically. But this would require introducing extra notions and is not done in the book.
Review: Good book...jacket intact and less wears. - The book looks good. The jacket still looks good—the product is fitted for its price.

## Technical Specifications

| Specification | Value |
|---------------|-------|
| Best Sellers Rank | #221,281 in Books ( See Top 100 in Books ) #313 in Economics (Books) |
| Customer Reviews | 4.6 4.6 out of 5 stars (68) |
| Dimensions  | 6.12 x 1.5 x 9.25 inches |
| Edition  | First Edition |
| ISBN-10  | 0674750969 |
| ISBN-13  | 978-0674750968 |
| Item Weight  | 2.15 pounds |
| Language  | English |
| Print length  | 608 pages |
| Publication date  | October 10, 1989 |
| Publisher  | Harvard University Press |

## Images

![Recursive Methods in Economic Dynamics - Image 1](https://m.media-amazon.com/images/I/61FvcE7kmJL.jpg)

## Customer Reviews

### ⭐⭐⭐⭐⭐ Macro done right, mathematically
*by A***R on April 20, 2013*

A (very) rare macroeconomics textbook that's rigorous, and excellently done on top of it. The presentation style is the same as to what you'd find in a math textbook but with a slower pace and very specific scope of treating microfoundations of macroeconomics. The one mathematical tool used is dynamic programming. The book is divided into three parts: 1. Deterministic problems, e.g. a growth model with no shock in productivity. 2. Stochastic problems, e.g. a growth model with Markovian shocks in productivity. 3. Competitive equilibria and welfare theorems, I recommend some familiarity with elementary analysis: For part 1, The type of arguments used don't go beyond the level of, say, Rudin's undergrad text on analysis. Part 2 delves into a little measure theory but the author confine themselves to the bare bones, only what is needed to prove relevant results. The treatment is very gentle and self-contained. They define the Lebesgue integral against an arbitrary measure but does not construct the Lebesgue measure on the line (which takes some doing). Monotone class lemma, a single lemma in a real analysis book, is given its own section. Same goes for conditional expectation. Part 3 is about welfare theorems. Only very basic notions from functional analysis is used here. It's evident that a conscious decision was made to make the presentation as focused as possible. No unnecessary definitions and proofs, e.g. the notion of Banach spaces is not mentioned, Hanh-Banach theorem is only stated, analysis is only done on a normed vector space in the normed topology. In fact, the main result from Part 2, the stochastic Principle of Optimality, should be treated functional analytically. But this would require introducing extra notions and is not done in the book.

### ⭐⭐⭐⭐⭐ Good book...jacket intact and less wears.
*by S***I on January 6, 2025*

The book looks good. The jacket still looks good—the product is fitted for its price.

### ⭐⭐⭐⭐⭐ Always feel good to receive a second-hand book in china
*by M***L on April 3, 2024*

The book was delivered on time. With slight underling and not-so good quality paper, the book was great.

## Frequently Bought Together

- Recursive Methods in Economic Dynamics
- Recursive Macroeconomic Theory, fourth edition (Mit Press)
- Microeconomic Theory

---

## Why Shop on Desertcart?

- 🛒 **Trusted by 1.3+ Million Shoppers** — Serving international shoppers since 2016
- 🌍 **Shop Globally** — Access 737+ million products across 21 categories
- 💰 **No Hidden Fees** — All customs, duties, and taxes included in the price
- 🔄 **15-Day Free Returns** — Hassle-free returns (30 days for PRO members)
- 🔒 **Secure Payments** — Trusted payment options with buyer protection
- ⭐ **TrustPilot Rated 4.5/5** — Based on 8,000+ happy customer reviews

**Shop now:** [https://www.desertcart.es/products/6442180-recursive-methods-in-economic-dynamics](https://www.desertcart.es/products/6442180-recursive-methods-in-economic-dynamics)

---

*Product available on Desertcart Spain*
*Store origin: ES*
*Last updated: 2026-01-22*