Mathematical Economics and the Dynamics of Capitalism: Goodwin's Legacy Continued (Routledge Frontiers of Political Economy) - Softcover

Softcover

ISBN 10: 0415762014 ISBN 13: 9780415762014

Publisher: Routledge, 2014

Synopsis

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 this title

About the Author

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.

Edition details

• Publisher: Routledge
• Publication date: 2014
• Language: English
• ISBN 10: 0415762014
• ISBN 13: 9780415762014
• Binding: Paperback
• Edition number: 1
• Number of pages: 312
• Editor: Flaschel Peter