Unbalanced Growth from a Balanced Perspective (Hardcover)

Hardcover. Synthesising Marxs, Keyness and Schumpeters theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing Goodwins integrated Marx-Keynes-Schumpeter system (MKS), approaching this from a historical perspective.Chapters start from Harrods and Kaldors work, reconsidering prominent demand- and supply-side approaches to Keynesian macro-dynamics, supplemented by Goodwins distributive cycle. The book presents a baseline MKS-type model, considering the rigorous treatment of uncertainty, opinion dynamics, the movement from flexicurity to social capitalism and democracy, and a high-order MKS macro-model.The exploration of the MKS model from a historical basis will make this a useful book for macroeconomics and history of economics scholars and students. It will also be helpful for those looking at macrodynamics in more depth. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.…