Description
Synthesising Marx’s, Keynes’s and Schumpeter’s theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing Goodwin’s integrated Marx-Keynes-Schumpeter system (MKS), approaching this from a historical perspective.
Book Information
ISBN 9781789907995
Author Carl Chiarella
Format Hardback
Page Count 456
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
Chapters start from Harrod’s and Kaldor’s work, reconsidering prominent demand- and supply-side approaches to Keynesian macro-dynamics, supplemented by Goodwin’s distributive cycle. The book presents a baseline MKS-type model, considering the rigorous treatment of uncertainty, opinion dynamics, the movement from flexicurity to social capitalism and democracy, and a high-order MKS macro-model.
The exploration of the MKS model from a historical basis will make this a useful book for macroeconomics and history of economics scholars and students. It will also be helpful for those looking at macrodynamics in more depth.
Book Information
ISBN 9781789907995
Author Carl Chiarella
Format Hardback
Page Count 456
Imprint Edward Elgar Publishing Ltd
Publisher Edward Elgar Publishing Ltd
