Mathematical Economics and the Dynamics of Capitalism: - download pdf or read online

By Peter Flaschel,Michael Landesmann

Richard Goodwin was once a pioneer within the use of mathematical instruments to appreciate the dynamics of capitalist economies. This publication includes contributions which specialize in the rigorous extension of Goodwin’s modelling of macro-dynamics and the micro-structures underlying them, and likewise learn with a much broader standpoint relating to Goodwin’s imaginative and prescient of an built-in Marx-Keynes-Schumpeter (M-K-S) approach of the dynamics of capitalist economies.

The number of methods during this e-book diversity from special enterprise cycle analyses to Schumpeterian methods of inventive destruction. They comprise

  • thorough theoretical research of not on time dynamical structures.

  • empirical stories of Goodwin’s classical progress cycle version and the combination of Keynesian elements of powerful call for and of monetary mechanisms that effect the true macro-economy.

  • micro-economic structural research.

  • expectations pushed points of micro-founded enterprise cycle modelling

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Mathematical Economics and the Dynamics of Capitalism: Goodwin's Legacy Continued (Routledge Frontiers of Political Economy) by Peter Flaschel,Michael Landesmann

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