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The Macrodynamics of Capitalism - Elements for a Synthesis of Marx, Keynes and Schumpeter (Hardcover, 2nd ed. 2009)
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The Macrodynamics of Capitalism - Elements for a Synthesis of Marx, Keynes and Schumpeter (Hardcover, 2nd ed. 2009)
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This book provides an introduction to advanced macrodynamics,
viewed as a di- quilibriumtheoryof?uctuatinggrowth.
Itbuildsonanearlierattempttoreformulate 1 the foundations of
macroeconomics from the perspective of real markets diseq- librium
and the con?ict over income distribution between capital and labor.
It does so, not because it wants to support the view that this
class con?ict is inevitable, but with the perspective that an
understanding of this con?ict may help to formulate socio-economic
principles and policies that can help to overcome class con?ict at
least in its cruder forms or that can even lead to rationally
understandable proce- 2 dures and rules that turn this con?ict into
a consensus-driven interaction between 3 capitalists or their
representatives and the employable workforce. The book starts from
established theories of temporary equilibrium positions, the forces
of real growth, and the con?ict over income distribution,
represented by basic modeling approaches, which it considers in
detail in its Part I in order to prepare the ground for their
integration in Part II of the book. In this way we inspect what
types of models of disequilibrium, income distribution, and real
growth we have at our disposal, as models that have proved to be of
real interest and sound from a rigorous modeling perspective.
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