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Mathematical Economics and the Dynamics of Capitalism: Goodwin's Legacy Continued

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by Peter Flaschel
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Mathematical Economics and the Dynamics of Capitalism: Goodwin's Legacy Continued by Peter Flaschel

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

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Ebook Details
Pages: 302
Size: 16.1 MB
Publisher: Routledge
Date published:   2016
ISBN: 9781134057573 (EPUB)
9781134057580 (PDF)

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This product is listed in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics > Microeconomics
Nonfiction > Business & Economics > Economics > Macroeconomics

This author has products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Economics > Microeconomics
Nonfiction > Business & Economics > Economics > Macroeconomics
Nonfiction > Business & Economics > Money & Monetary Policy
Nonfiction > Business & Economics > Economics > Theory

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03/29/2017
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