Macrodynamics: Fluctuations and Growth : A study of the economy in equilibrium and disequilibrium book cover
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Macrodynamics: Fluctuations and Growth
A study of the economy in equilibrium and disequilibrium





ISBN 9780415607117
Published November 1, 2010 by Routledge
472 Pages

 
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Book Description

Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include:
* Non-clearing markets
* Involuntary unemployment
* Persistent inflation.
As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont.

Table of Contents

Part One - The Development of Macrodynamics
Chapter 1: Great dynamic theories of the past
Chapter 2: Pre-Keynesian theories of growth and fluctuations
Chapter 3: The Keynesian revolution
Part Two
Chapter 4: The consumption function
Chapter 5: Investment and Factor demand
Chapter 6: Financial behaviour and the demand for money
Part Three
Chapter 7: The representation of growth and its sources
Chapter 8: The stability and regulation of growth
Chapter 9: Growth: trends and limits
Part Four
Chapter 10: The analysis of fluctuations
Chapter 11: Inflation and Unemployment
Chapter 12: Disequilibria in the present day

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