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Strategic Competition, Dynamics, and the Role of the State - A New Perspective (Hardcover)
Loot Price: R3,018
Discovery Miles 30 180
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Strategic Competition, Dynamics, and the Role of the State - A New Perspective (Hardcover)
Series: New Directions in Modern Economics series
Expected to ship within 12 - 19 working days
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Jamee Moudud provides a new microfoundational explanation for the
Harrodian long-run or warranted growth rate. The author,
emphasizing the role of Keynesian uncertainty, shows that the
growth model is anchored in a new interpretation of the Oxford
Economists? Research Group?s microeconomic analysis and a variant
of the stock-flow consistent framework. In a distinctly Kaldorian
vein, Jamee Moudud discusses the relationship between capital
budgeting, public investment, and taxation policy as it relates to
the warranted growth rate and its impact on long-term involuntary
unemployment. Combining ideas from theorists involved in the Oxford
Economists? Research Group (especially Sir Roy Harrod, P.W.S.
Andrews, and others), Kaldor, and Keynes, Jamee Moudud offers
original insights into the impact of government spending and
taxation policies on output. The book discusses and extends
Harrod?s taxation-cum-public investment proposals to raise the
warranted growth rate and strengthen the social safety net. Other
topics explored in the text include: reasons that higher government
spending/GDP shares have opposite short- and long-run effects,
whether money supply can ever be different from money demand in a
stock-flow consistent framework, and the effects of changes in the
composition of government spending on the long-run growth path.The
book provides the theoretical basis for new policy insights
regarding the role of the state dealing with mass unemployment and
poverty.Professional economists, graduate and advanced
undergraduate students in economics, and policy researchers in
international organizations will find this work a stimulating and
thought-provoking addition to the field.
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