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Mathematical Economics and the Dynamics of Capitalism

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Balanced Growth Path
business cycle theory
Capital Stock Growth
Category=KC
curve
cycles
delayed dynamical systems
Dynamic Multiplier Process
employment
Endogenous Accounts
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
Feedback Index
Final Good Market
goodwin
Goodwin Cycle
Goodwin Growth Cycle
Goodwin Model
Growth Cycle Model
income distribution analysis
Inflationary Climate
integrated Marx Keynes Schumpeter dynamics
Interior Steady State
macroeconomic modelling
model
Natural Resource Market
nonlinear dynamics
peter
phillips
Poincare Bendixson Theorem
Price Phillips Curve
rate
Real Wage Dynamics
SAM
Schumpeterian innovation
share
Social Reproduction
Stable Limit Cycle
Steady State Position
Unstable Limit Cycle
Vice Versa
wage
Wage Phillips Curve
Wage Price Spiral
Wage Share

Product details

  • ISBN 9780415762014
  • Weight: 590g
  • Dimensions: 156 x 234mm
  • Publication Date: 02 Dec 2014
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

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
About

Peter Flaschel is Professor of Economics at the Department of Economics and Business Administration, Bielefeld University, Bielefeld, Germany

Michael Landesmann is Scientific Director of the Vienna Institute for International Economic Studies and Professor and Chair of the Department of Economics at the Johannes Kepler University in Linz, Austria.