Building from the micro-foundations of economic behaviour to a full
survey of macroeconomics, the book examines growth theory and
equilibrium and disequilibrium approaches to provide a
comprehensive survey of all the rival theoretical approaches that
underlie central policy debates. A survey of pre-Keynesian theories
of growth, fluctuations and the various short and long cycles and
crises is followed by an exposition of Keynesian theory and its
subsequent development and of the neo-classical revival. Topics
covered include: * Non-clearing markets * Involuntary unemployment
* Persistent inflation. As well as full coverage of the
English-language literature, Macrodynamics covers important
contributions from the new school of French macroeconomists,
including Malinvaud, Benassy and Grandmont.
General
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