insights from Goodwin and Minsky within a model of fluctuating growth. In the real part of the modelwe introduce the … factors. This paper works out a simple model that couples a version of Goodwin׳s (1967) growth cycle model of real … fluctuations with insights drawn from a model of financial fluctuations based on Minsky׳s financial instability hypothesis …

present the Phillips curve (which statistically relates unemployment with the rate of change of nominal wages) and then the … Goodwin model. The latter reinterprets, in economical terms, the dynamics of biological prey–predator struggle as described by … the Lotka-Volterra model. The interaction between the two species reminded Goodwin about the Marxian conflict of class …

that a dynamic law governing the evolution of investor sentiment determines firms' investment through their sales …