Mathematical Economics and the Dynamics of Capitalism

Goodwin's Legacy Continued

Peter Flaschel editor Michael Landesmann editor

Format:Hardback

Publisher:Taylor & Francis Ltd

Published:20th Jun '08

Currently unavailable, and unfortunately no date known when it will be back

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Mathematical Economics and the Dynamics of Capitalism cover

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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ISBN: 9780415451451

Dimensions: unknown

Weight: 589g

302 pages