1st Edition

The Dynamics Of A Capitalist Economy A Multisectoral Approach

By Richard M. Goodwin, Lionel F. Punzo Copyright 1988
    402 Pages
    by Routledge

    402 Pages
    by Routledge

    In this book Professor Goodwin eschewing fine-scale minutiae or classical mechanics, has addressed the big picture. His work deals with the great issues of: the class struggle a Ia Karl Marx; predator prey dramas of the Lotka- Volterra type; von Neumann's magisterial model of autonomous growth; Harrodian and Sraffian developments of Keynesian systems in their input-output aspects (or accelerator-multiplier aspects). Professor Lionello Punzo of a postwar generation provides additional chapters of multi-sector dynamics, working from and going beyond the aggregate models of Harrod, Domar, and Solow.

    Part I Macrodynamics, 1 Basic Concepts 2 Dual Linear Theory of Output and Value 27 3 Dual Unear Dynamics 4 The Fluctuating Evolution of Capitalism, Part II Modelling the Structure of a Capitalist Economy, 5 The Multisectoral Approach 6 Closed Multisectoral Models, 7 Prices and the Process Model