Mathematical Economics and the Dynamics of Capitalism: Goodwin's Legacy Continued (Routledge Frontiers of Political Economy)
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Mathematical Economics and the Dynamics of Capitalism: Goodwin'...
Book Details
• Author: Flaschel, Peter
• Brand: Taylor & Francis Ltd
• Edition: 1
• Binding: Paperback
• Number of Pages: 302
• Release Date: 02-12-2014
• EAN: 9780415762014
• Languages: English
Details:
Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This book contains contributions focusing on the rigorous extension of Goodwin’s modelling of macro-dynamics and the micro-structures underlying them, along with research exploring the integrated Marx-Keynes-Schumpeter (M-K-S) system of capitalist economy dynamics. The approaches range from business cycle analyses to Schumpeterian processes of creative destruction, including:
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Theoretical analysis of delayed dynamical systems
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Empirical studies of Goodwin’s classical growth cycle model
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Integration of Keynesian aspects of effective demand and financial mechanisms
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Micro-economic structural analysis
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Expectations-driven aspects of micro-founded business cycle modelling
