The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and Schumpeter

byPeter Flaschel

Paperback | October 19, 2010

The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and Schumpeter by Peter Flaschel
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This book provides an introduction to advanced macrodynamics, viewed as a di- quilibriumtheoryof?uctuatinggrowth. Itbuildsonanearlierattempttoreformulate 1 the foundations of macroeconomics from the perspective of real markets diseq- librium and the con?ict over income distribution between capital and labor. It does so, not because it wants to support the view that this class con?ict is inevitable, but with the perspective that an understanding of this con?ict may help to formulate socio-economic principles and policies that can help to overcome class con?ict at least in its cruder forms or that can even lead to rationally understandable proce- 2 dures and rules that turn this con?ict into a consensus-driven interaction between 3 capitalists or their representatives and the employable workforce. The book starts from established theories of temporary equilibrium positions, the forces of real growth, and the con?ict over income distribution, represented by basic modeling approaches, which it considers in detail in its Part I in order to prepare the ground for their integration in Part II of the book. In this way we inspect what types of models of disequilibrium, income distribution, and real growth we have at our disposal, as models that have proved to be of real interest and sound from a rigorous modeling perspective.
Title:The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and SchumpeterFormat:PaperbackProduct dimensions:399 pages, 9.25 X 6.1 X 0 inShipping dimensions:399 pages, 9.25 X 6.1 X 0 inPublished:October 19, 2010Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3642099718

ISBN - 13:9783642099717

Appropriate for ages: All ages

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