Money And Macrodynamics

Author : Marc Lavoie,Louis-Philippe Rochon,Mario Seccareccia
Publisher : Routledge
Page : 220 pages
File Size : 50,6 Mb
Release : 2015-03-26
Category : Business & Economics
ISBN : 9781317464471

Get Book

Money and Macrodynamics by Marc Lavoie,Louis-Philippe Rochon,Mario Seccareccia Pdf

Alfred Eichner's pioneering contributions to post-Keynesian econmics offered significant insights on the way modern economies and institutions actually work. Published in 1987, his "Macrodynamics of Advanced Market Economies" contains rich chapters on dynamics and growth, investment, finance and income distribution, a timely chapter on the State and fiscal policy, and two analytical chapters on endogenous money that are years ahead of their time. Featuring chapters by many of Eichner's disciples, this book celebrates his rich contributions to post-Keynesian economics, and demonstrates that his work is in many ways as valid today as it was over two decades ago.

Author : MARC;ROCHON LAVOIE (LOUIS-PHILIPPE;SECCARECCIA, M.)
Publisher : Unknown
Page : 128 pages
File Size : 52,5 Mb
Release : 2010
Category : Electronic
ISBN : 6612554762

Get Book

MONEY AND MACRODYNAMICS by MARC;ROCHON LAVOIE (LOUIS-PHILIPPE;SECCARECCIA, M.) Pdf

Author : Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke
Publisher : Routledge
Page : 450 pages
File Size : 46,5 Mb
Release : 2012-11-12
Category : Business & Economics
ISBN : 9781135272319

Get Book

Monetary Macrodynamics by Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke Pdf

This book investigates the interaction of effective goods demand with the wage-price spiral, and the impact of monetary policy on financial and the real markets from a Keynesian perspective. Endogenous business fluctuations are studied in the context of long-run distributive cycles in an advanced, rigorously formulated and quantitative setup. The material is developed by way of self-contained chapters on three levels of generality, an advanced textbook level, a research-oriented applied level and on a third level that shows how the interaction of real with financial markets has to be modelled from a truly integrative Keynesian perspective. Monetary Macrodynamics shows that the balanced growth path of a capitalist economy is unlikely to be attracting and that the cumulative forces that surround it are controlled in the large by changes in the behavioural factors that drive the wage-price spiral and the financial markets. Such behavioural changes can in fact be observed in actual economies in the interaction of demand-driven business fluctuations with supply-driven wage and price dynamics as they originate from the conflict over income distribution between capital and labour. The book is a detailed critique of US mainstream macroeconomics and uses rigorous dynamic macro-models of a descriptive and applicable nature. It will be of particular relevance to postgraduate students and researchers interested in disequilibrium processes, real wage feedback channels, financial markets and portfolio choice, financial accelerator mechanisms and monetary policy.

Author : William Milberg
Publisher : Routledge
Page : 336 pages
File Size : 46,7 Mb
Release : 2016-09-16
Category : Business & Economics
ISBN : 9781315488929

Get Book

The Megacorp and Macrodynamics by William Milberg Pdf

These essays on Post-Keynesian economics were written expressly for a volume to honour the life and work of Alfred Eichner. The original countributions - that critically examine and extend ideas in Eichner's "The Macrodynamics of Advanced Market Economies" are organized in seven sections that correspond to areas of economics in which Eichner made a significant contribution. Part 1 deals with the megacorp, a theory of firm pricing and investment that was one of Eichner's most important contributions. Issues of productivity and technical change, that lie at the center of Eichner's macrodynamic model, are the focus of part 1 and parts 3 and 4 elaborate on Eichner's work on growth and money and yield insights into the theoretical disagreements among the Post-Keynesians themselves. Part 5 presents a number of examples of non-neo-classical model building. Part 6 opens with a critique of the "new economic history" that leads to other essays on thorny methodological issues confronting Post-Keynesians. Part 7 gives a European perspective on North American Post-Keynesian economics. The essays reveal the relationships between Eichner's work and Institutionalist and Marxian economics. At the same time, the book raises current theoretical conflicts among these groups as well as among Post-Keynesians themselves. This book compliments Alfred S.Eichner's "The Macrodynamics of Advanced Market Economies", also published in 1991, and is appropriate for scholars and upper-level undergraduates and graduate students.

Author : William Milberg
Publisher : Routledge
Page : 355 pages
File Size : 46,8 Mb
Release : 2016-09-16
Category : Business & Economics
ISBN : 9781315488912

Get Book

The Megacorp and Macrodynamics by William Milberg Pdf

These essays on Post-Keynesian economics were written expressly for a volume to honour the life and work of Alfred Eichner. The original countributions - that critically examine and extend ideas in Eichner's "The Macrodynamics of Advanced Market Economies" are organized in seven sections that correspond to areas of economics in which Eichner made a significant contribution. Part 1 deals with the megacorp, a theory of firm pricing and investment that was one of Eichner's most important contributions. Issues of productivity and technical change, that lie at the center of Eichner's macrodynamic model, are the focus of part 1 and parts 3 and 4 elaborate on Eichner's work on growth and money and yield insights into the theoretical disagreements among the Post-Keynesians themselves. Part 5 presents a number of examples of non-neo-classical model building. Part 6 opens with a critique of the "new economic history" that leads to other essays on thorny methodological issues confronting Post-Keynesians. Part 7 gives a European perspective on North American Post-Keynesian economics. The essays reveal the relationships between Eichner's work and Institutionalist and Marxian economics. At the same time, the book raises current theoretical conflicts among these groups as well as among Post-Keynesians themselves. This book compliments Alfred S.Eichner's "The Macrodynamics of Advanced Market Economies", also published in 1991, and is appropriate for scholars and upper-level undergraduates and graduate students.

Author : Marc Lavoie
Publisher : Edward Elgar Publishing
Page : 416 pages
File Size : 54,5 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781839100093

Get Book

Post-Keynesian Monetary Theory by Marc Lavoie Pdf

Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.

Author : Peter Flaschel
Publisher : Springer Science & Business Media
Page : 402 pages
File Size : 50,5 Mb
Release : 2008-12-11
Category : Business & Economics
ISBN : 9783540879329

Get Book

The Macrodynamics of Capitalism by Peter Flaschel Pdf

This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.

Author : Alfred S. Eicher
Publisher : Routledge
Page : 835 pages
File Size : 49,8 Mb
Release : 2019-07-12
Category : Business & Economics
ISBN : 9781315491950

Get Book

The Macrodynamics of Advanced Market Economics by Alfred S. Eicher Pdf

This volume examines the macrodynamic behaviour of advanced economies with social institutions similar to those of the United States and other members of the Organization of Economic Cooperation and Development. It is a critique of, and provides alternative models to, conventional neoclassical theory. The principles developed are used to explain two major phenomena in economic life: the nation's secular growth rate and the cyclical deviations around that growth. These interdependent movements of trend and cycle constitute the economy's macrodynamic behaviour. Eichner uses a systems framework for integrating four distinct institutional dimensions in society - the normative, the political, the economic, and the anthropogenic. This book, by one of the leading proponents of Post-Keynesian economics, is the culmination of over 13 years of scholarly work. The author's untimely death in February 1988 prevented the final revisions of his manuscript. The book should prove an essential addition to the library of scholars and students of economics both within and outside the Post-Keynesian tradition.

Author : Pierre-Yves Hénin
Publisher : Routledge
Page : 465 pages
File Size : 54,9 Mb
Release : 2013-04-15
Category : Business & Economics
ISBN : 9781135033460

Get Book

Macrodynamics: Fluctuations and Growth by Pierre-Yves Hénin Pdf

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.

Author : Geoffrey Colin Harcourt,Peter Kriesler
Publisher : Oxford University Press, USA
Page : 637 pages
File Size : 45,5 Mb
Release : 2013-07
Category : Business & Economics
ISBN : 9780195390766

Get Book

The Oxford Handbook of Post-Keynesian Economics, Volume 1 by Geoffrey Colin Harcourt,Peter Kriesler Pdf

These two volumes cover the principal areas to which Post-Keynesian economists have made distinctive contributions. The contents include the significant criticism by Post-Keynesians of mainstream economics, but the emphasis is on positive Post-Keynesian analysis of the economic problems of the modern world and of policies with which to tackle them.

Author : G. C. Harcourt,Peter Kriesler
Publisher : Oxford University Press
Page : 637 pages
File Size : 54,9 Mb
Release : 2013-08-16
Category : Business & Economics
ISBN : 9780199359295

Get Book

The Oxford Handbook of Post-Keynesian Economics, Volume 1 by G. C. Harcourt,Peter Kriesler Pdf

This two volume Handbook contains chapters on the main areas to which Post-Keynesians have made sustained and important contributions. These include theories of accumulation, distribution, pricing, money and finance, international trade and capital flows, the environment, methodological issues, criticism of mainstream economics and Post-Keynesian policies. The Introduction outlines what is in the two volumes, in the process placing Post-Keynesian procedures and contributions in appropriate contexts.

Author : Peter Flaschel,Gangolf Groh,Christian Proano,Willi Semmler
Publisher : Springer Science & Business Media
Page : 512 pages
File Size : 48,8 Mb
Release : 2008-07-03
Category : Business & Economics
ISBN : 9783540725428

Get Book

Topics in Applied Macrodynamic Theory by Peter Flaschel,Gangolf Groh,Christian Proano,Willi Semmler Pdf

This insightful book presents topics in applied dynamic macrotheory for closed and open economies. The authors give an advanced treatment of macroeconomic topics such as the Phillips curve, forward and backward looking behavior, open economy macrodynamics, structural macroeconometric model building as well as the empirics of Keynesian oriented macro models. The dynamics of open economies in the context of interacting two country models are treated as well.

Author : Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke
Publisher : Springer Science & Business Media
Page : 544 pages
File Size : 40,8 Mb
Release : 2012-11-10
Category : Business & Economics
ISBN : 9783540247937

Get Book

Open Economy Macrodynamics by Toichiro Asada,Carl Chiarella,Peter Flaschel,Reiner Franke Pdf

In the first part of this book, we treat interacting and small open economies. We do this from an historical perspective, starting from the Classical model of the gold standard and the specie-flow mechanism and aim to show there that the Dornbusch IS-LM-PC approach, with or without rational expectations, can still be considered as a (if not the) core contribution to contemporaneous open economy macrodynamics, also on the level of structural macroeconometric model building. In the second part we then extend this analysis to the incorporation of more disequilibrium on the real markets, prominent further feedback channels of the macrodynamic literature and integrated macromodel building. We start from the closed economy, consider large open economies in a fixed exchange rate system, small open economies subject to high capital mobility, and finally two large interacting economies like the USA and Euroland. Our macrofounded approach extends and integrates non-market clearing traditions to macrodynamics and can be usefully compared with the New Keynesian approaches which are generally rigorously microfounded, but often much more limited in scope in capturing full market and agent interactions.

Author : Peter Flaschel
Publisher : Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
Page : 412 pages
File Size : 43,7 Mb
Release : 1993
Category : Business & Economics
ISBN : UIUC:30112057905231

Get Book

Macrodynamics by Peter Flaschel Pdf

This book on macrodynamic theories of growth, (in-)stability and cycles shows that the debate between Keynesians, Monetarists and New Classical economists can be reformulated from the perspective of a further and quite different approach to macroeconomic model building. Basis of this reformulation is the growth cycle model of Goodwin which is extended in various ways in the pursuit of this aim. Besides this central theme, the book also introduces into Keynesian, Marxian and Neoclassical models of short-, medium- and long-run macroeconomics in its part I, II. Models which synthesize these approaches and which thus provide a (deterministic) framework for the investigation of the adequateness of the various explanations of cyclical growth and inflation are considered in part III.

Author : Paul Davidson
Publisher : Springer
Page : 473 pages
File Size : 54,6 Mb
Release : 1999-08-05
Category : Business & Economics
ISBN : 9781349149919

Get Book

Uncertainty, International Money, Employment and Theory by Paul Davidson Pdf

The book contains Paul Davidson's major contributions to the economics and policy debates of our times. The relationship between uncertainty, economic theory, international financial markets and global unemployment is analysed throughout. Davidson suggests new solutions for the major problems of the twenty-first century, including volatile financial markets in Asia and beyond, challenging orthodox responses. The differences between the Old-, New-, and Post-Keynesians all vying for Keynes's mantle, are explored.