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"This timely book presents a nuanced investigation into the idiosyncrasies of the supermultiplier model, examining its application to residential investment, exports and fiscal policy. It offers an accessible introduction to this growth model, hypothesising that it is one of the cornerstones of...
Persistent link: https://www.econbiz.de/10014372507
1. Introduction -- Part I: basic concepts -- 2. Piketty's contribution -- 3. Measurement -- 4. Inequality and aggregate demand -- Part II: endogenous dynamics and instability -- 5. Aggregate demand, growth and instability -- 6. Wealth, public debt and instability -- 7. Recursive workhorses --...
Persistent link: https://www.econbiz.de/10012419908
The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of …, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long …pt. 1. Fundamental issues in the theory of demand-led growth -- pt. 2. Kaldorian models of demand-led growth -- pt. 3 …
Persistent link: https://www.econbiz.de/10011850663
theory of effective demand. Taking Schumpeter's views on economic development as a starting point, the author proposes an … examines the role of demand with respect to the theory of structural change and the theory of consumption at both the micro and …
Persistent link: https://www.econbiz.de/10014474127
demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a … / Mark Roberts -- Endogenous growth theory : a partial critique / Philip Arestis and Malcolm Sawyer -- The nature of economic … growth and the neoclassical approach. : more questions than answers? / John McCombie -- On the core of macroeconomic theory …
Persistent link: https://www.econbiz.de/10011850558
Paul Davidson investigates why the 1990s was a decade of financial crises that almost precipitated a global market crash. He explores the reasons why the global economy still struggles with the aftermath of these crises and discusses the possibility that volatile financial markets in the future...
Persistent link: https://www.econbiz.de/10011851209
uncertainty : theory and practice -- 5. A post Keynesian approach to the theory of the firm -- 6. Trust, time and uncertainty -- 7 …
Persistent link: https://www.econbiz.de/10011851353
During his lifetime Hyman Minsky made a seminal contribution to the development of financial Keynesianism. In this book, leading academics celebrate his work and explore his economic legacy. Special attention is paid to his work on contemporary economic method, the Great Depression, the European...
Persistent link: https://www.econbiz.de/10011851430
to economic theory and policy. This is the second of two volumes in which authoritative contributions are presented by an …'s theory of investment and necessary compromise / Victoria Chick -- 5. Some elements of a Post Keynesian labour economics … : a non-Bayesian theory of rationality / Anna Carabelli -- 11. The Maastricht Treaty : unemployment, competitiveness and …
Persistent link: https://www.econbiz.de/10011851437
In the midst of the current world economic crisis, many claim there is a necessity to return to the Marxian and Keynesian traditions in order to better understand the dynamics of market economies. This book is an important step in that direction. It presents a critical examination of the...
Persistent link: https://www.econbiz.de/10011851524