Path Dependency And Macroeconomics

Hardcover | November 15, 2009

EditorPhilip Arestis, Malcolm Sawyer

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This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume examines how path dependency is linked with notions of fundamental uncertainty, non-ergodicity and hysteresis.

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This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume examines how path dependency is linked with notions of fundamental uncertainty, non-ergodicity and hysteresis.

PHILIP ARESTIS is University Director of Research, Cambridge Centre for Economics and Public Policy, Department of Land Economy, University of Cambridge, UK. He is also Distinguished Adjunct Professor of Economics, University of Utah, US; Senior Scholar, Levy Economics Institute, New York, US; Visiting Professor, University of Leeds, ...

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Format:HardcoverDimensions:280 pages, 8.84 × 5.6 × 0.82 inPublished:November 15, 2009Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230236006

ISBN - 13:9780230236004

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Table of Contents

Preface
Path Dependence and Demand-Supply Interactions in Macroeconomic Analysis--P. Arestis &--M. Sawyer
Path Dependency, Hysteresis and Macrodynamics--M. Setterfield
Involuntary Unemployment in a Path Dependent System: The Case of Strong Hysteresis--D. Lang
Path Dependence, Equilibrium, and Economic Growth--A. Dutt
Money Wage Rigidity, Monopoly Power and Hysteresis--A. Palacia-Vera
The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective--M. Karanassou&--H. Sala