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Mathematical Economics and the Dynamics of Capitalism : Goodwin's Legacy Continued

By: (Edited by) Michael Landesmann , (Edited by) Peter Flaschel

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Ksh 10,100.00

Format: Paperback / Softback

ISBN-10: 0415762014

ISBN-13: 9780415762014

Series: Routledge Frontiers of Political Economy

Publisher: Taylor & Francis Ltd

Imprint: Routledge

Country of Manufacture: GB

Country of Publication: GB

Publication Date: Dec 2nd, 2014

Print length: 302 Pages

Weight: 472 grams

Dimensions (height x width x thickness): 23.50 x 15.80 x 2.30 cms

Product Classification: Economics

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Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This volume consists of three parts which significantly extend work in the tradition of Goodwin’s research program.

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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