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

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

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Hardback by Peter Flaschel , Michael Landesmann

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Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This book... Read more

    Publisher: Taylor & Francis Ltd
    Publication Date: 20/06/2008
    ISBN13: 9780415451451, 978-0415451451
    ISBN10: 0415451450

    Number of Pages: 302

    Non Fiction , Business, Finance & Law

    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

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