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Item Details
Title: MATHEMATICAL ECONOMICS AND THE DYNAMICS OF CAPITALISM
GOODWIN'S LEGACY CONTINUED
By: Peter Flaschel (Editor), Michael A. Landesmann (Editor)
Format: Paperback

List price: £53.99
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ISBN 10: 0415762014
ISBN 13: 9780415762014
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Publisher: TAYLOR & FRANCIS LTD
Pub. date: 15 August, 2008
Series: Routledge Frontiers of Political Economy
Pages: 302
Description: Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This volume consists of three parts which significantly extend work in the tradition of Goodwin's research program.
Synopsis: Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This book contains contributions which focus on the rigorous extension of Goodwin's modelling of macro-dynamics and the micro-structures underlying them, and also research with a wider perspective related to Goodwin's vision of an integrated Marx-Keynes-Schumpeter (M-K-S) system of the dynamics of capitalist economies. The variety of approaches in this book range from detailed business cycle analyses to Schumpeterian processes of creative destruction. They include * thorough theoretical analysis of delayed dynamical systems. * empirical studies of Goodwin's classical growth cycle model and the integration of Keynesian aspects of effective demand and of financial mechanisms that impact the real macro-economy. * micro-economic structural analysis. * expectations driven aspects of micro-founded business cycle modelling
Illustrations: 70 black & white illustrations, 23 black & white tables, 70 black & white
Publication: UK
Imprint: Routledge
Returns: Returnable
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