1st Edition

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

By Pierre-Yves Hénin Copyright 1986
    472 Pages
    by Routledge

    472 Pages
    by Routledge

    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.

    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

    Biography

    Pierre-Yves Hénin