Unbalanced Growth from a Balanced Perspective

Unbalanced Growth from a Balanced Perspective
Author :
Publisher : Edward Elgar Publishing
Total Pages : 456
Release :
ISBN-10 : 9781789908008
ISBN-13 : 1789908000
Rating : 4/5 (000 Downloads)

Book Synopsis Unbalanced Growth from a Balanced Perspective by : Carl Chiarella

Download or read book Unbalanced Growth from a Balanced Perspective written by Carl Chiarella and published by Edward Elgar Publishing. This book was released on 2021-01-29 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a whole this book adds the ‘Keynes’-component (K) to the Goodwinian vision of a ‘MKS-System’. It first provides a reconsideration of prominent past approaches towards the formation of Keynesian macrodynamics. Ultimately it aims to integrate Marx's Distributive Cycle and aspects of Schumpeter's reformulation of socialism and democracy theory, with Keynes' macro-theory of a ‘Tripartite Market Hierarchy’. This regards financial markets as being at the top, followed by goods markets which in turn are followed by the weakest element, the labor markets. It is completed by certain repercussions that influence the central causal nexus of these three fundamental macro-markets in the longer-run.

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