Unbalanced Growth from a Balanced Perspective (Hardcover)

Synthesising Marx's, Keynes's and Schumpeter's theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing Goodwin's integrated Marx-Keynes-Schumpeter system (MKS), approaching this from a historical perspective. Chapters start from Harrod's and Kaldor's work, reconsidering prominent demand- and supply-side approaches to Keynesian macro-dynamics, supplemented by Goodwin's distributive cycle. The book presents a baseline MKS-type model, considering the rigorous treatment of uncertainty, opinion dynamics, the movement from flexicurity to social capitalism and democracy, and a high-order MKS macro-model. The exploration of the MKS model from a historical basis will make this a useful book for macroeconomics and history of economics scholars and students. It will also be helpful for those looking at macrodynamics in more depth.

General

Imprint:	Edward Elgar Publishing Ltd
Country of origin:	United Kingdom
Release date:	2021
Authors:	Carl Chiarella • Peter Flaschel • Reiner Franke • Ricardo Araujo • Matthieu Charpe • Christian R. Proano • Andreas Szczutkowski
Dimensions:	234 x 156 x 30mm (L x W x T)
Format:	Hardcover
Pages:	456
ISBN-13:	978-1-78990-799-5
Categories:	Books > Business & Economics > Economics > Economic theory & philosophy Books > Business & Economics > Economics > Macroeconomics > General
LSN:	1-78990-799-3
Barcode:	9781789907995

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