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

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

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ISBN: 9780415762014    Publisher: Taylor & Francis Ltd Year of publishing: 2014     Format:  Paperback No of Pages: 302        Language: English
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...Read more
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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About the author:
Peter Flaschel is Professor of Economics at the Department of Economics and Business Administration, Bielefeld University, Bielefeld, Germany Michael... Read more
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.
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