1st Edition

The New Economy and Macroeconomic Stability A Neo-Modern Perspective Drawing on the Complexity Approach and Keynesian Economics

By Dario Togati Copyright 2006
332 Pages 2 B/W Illustrations
by Routledge

330 Pages
by Routledge

288 Pages
by Routledge

The past decade has seen many leading economies, especially the US, undergo profound structural transformations. Departing from the standard theories employed to explain this phenomenon, here author Togati provides the first broad analysis of the New Economy. In this book, the first to look at the new economy from a post-Keynesian / post-modern perspective, he focuses on its macroeconomic... Read more

List of Figures  Preface  Introduction  1. Equilibrium without Structural Change  2. Instability and Dynamic Equilibrium  3. Structural Change without Equilibrium  4. The Crisis in Economic Theory and the Neo-modern Perspective  5. Complexity Theory 6. The Key Steps in our Simplification Strategy  7. The Neoclassical Macro Model  8. Keynes’s Macro Model  9. Some Key Differences Between Keynes and the ‘Classics’  10. A Broad Definition of the New Economy  11. Multiplicity  12. Rapidity  13. Lightness  14. Precision  15. Visibility  16. New Classical Macroeconomics 17. New Classical Macroeconomics and the Key Features of the New Economy  18. Keynesian Theory and the New Economy: An Overview 19. Keynesian Theory and Multiplicity 20. Keynesian Theory and Rapidity 21. Keynesian Theory and Lightness 22. Keynesian Theory and Precision  23. Keynesian Theory and Visibility: General remarks  Conclusion  Notes  Bibliography

Biography

Dario Togati