Heterodox Macroeconomics - Models of Demand, Distribution and Growth
Robert A. Blecker|Mark Setterfield
Language: English
Published by Edward Elgar Publishing Ltd, 2019
- Hardcover
- New
Condition: New
£ 210.47
Quantity: Over 20 available
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Heterodox Macroeconomics provides an accessible, pedagogically oriented treatment of the leading models and approaches in heterodox macroeconomics with clear, step-by-step presentations of core models and their solutions, properties and implications.
Seller Inventory # 596851243
- Title
- Heterodox Macroeconomics - Models of Demand, Distribution and Growth
- Author
- Robert A. Blecker|Mark Setterfield
- Publisher
- Edward Elgar Publishing Ltd
- Publication year
- 2019
- Condition
- New
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 1784718890
- ISBN 13
- 9781784718893
The book begins with an overview and comparison of heterodox and mainstream approaches to long-run growth. Next it covers the core classical-Marxian, neo-Keynesian and neo-Kaleckian models of growth and distribution in the heterodox tradition. Numerous contemporary extensions, developments and alternatives are then explored, including models of financial instability, 'supermultiplier' models, and debates about whether capacity utilization converges to a 'normal' rate. The book also gives extensive coverage to models of growth in open economies, emphasizing the role of Kaldorian cumulative causation in fostering divergence among national economies, and the limitations imposed by balance-of-payments constraints on countries that rely on export-led growth.
Heterodox Macroeconomics will prove to be an invaluable text for graduate and advanced undergraduate students of macroeconomics as well as those in courses on post-Keynesian theory, structuralist macroeconomics, or other heterodox approaches to economics.
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