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Mathematical Economics and the Dynamics of Capitalism
Mathematical Economics and the Dynamics of Capitalism
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Mathematical Economics and the Dynamics of Capitalism

Peter Flaschel, Michael Landesmann
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302 pages
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English
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Mathematical Economics and the Dynamics of Capitalism

Peter Flaschel, Michael Landesmann
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About This Book

Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This book contains contributions which focus on the rigorous extension of Goodwin's modelling of macro-dynamics and the micro-structures underlying them, and also research with a wider perspective related to Goodwin's vision of an integrated Marx-Keynes-Schumpeter (M-K-S) system of the dynamics of capitalist economies.The variety of approaches in this book range from detailed business cycle analyses to Schumpeterian processes of creative destruction. They include

  • thorough theoretical analysis of delayed dynamical systems.


  • empirical studies of Goodwin's classical growth cycle model and the integration of Keynesian aspects of effective demand and of financial mechanisms that impact the real macro-economy.


  • micro-economic structural analysis.


  • expectations driven aspects of micro-founded business cycle modelling
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Information

Publisher
Taylor and Francis
Year
2016
ISBN
9781134057573
Topic
Business
Subtopic
Business General
Edition
1

Table of contents