Longrun Dynamics
Author | : G. Snooks |
Publisher | : Springer |
Total Pages | : 291 |
Release | : 1998-04-08 |
ISBN-10 | : 9780230599390 |
ISBN-13 | : 0230599397 |
Rating | : 4/5 (90 Downloads) |
Book excerpt: Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off. It employs the inductive method proposed by J.S.Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides an entirely new basis for policy and is designed to counter the influence of neo-liberalism in economic theory.