ABSTRACT
Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include:
* Non-clearing markets
* Involuntary unemployment
* Persistent inflation.
As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont.
TABLE OF CONTENTS
part |2 pages
Part One: The Development of Macrodynamics
part |2 pages
Part Two: Behavioural Dynamics
part |2 pages
Part Three: Growth
part |2 pages
Part Four: Instability in the Short Term: Disequilibria, inflation, Unemployment