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

ISBN-13: 9780415762014 / Angielski / Miękka / 2014 / 302 str.

Peter Flaschel; Michael Landesmann

Opis

Richard Goodwin was a pioneer in the use of mathematical tools to understand the dynamics of capitalist economies. This volume consists of three parts which significantly extend work in the tradition of Goodwin's research program.

Spis treści

Introduction, Part 1. Nonlinear Macrodynamics: Theory, 1. Coexistence of Multiple Business Cycles in Goodwin's 1951 Model, 2. An Encompassing Theory of Macroeconomic Growth and Fluctuation, 3. Kaleckian Investment and Employment Cycles in Post-war Industrialized Economies, 4. A Goodwin-Cycle with Changing Regimes of Industrial Relations, 5. Varieties of Capitalism: The Flexicurity Model, 6. Goodwin Cycles and the U.S. Economy, 1948-2004, Part 2. Nonlinear Macrodynamics: Empirical Analysis, 7. The Classical Growth Cycle after fifteen years of new observations, 8. Debt-Equity Cycles in the 20th Century: Empirical Evidence and a Dynamic Keynesian Model, 9. Monetary Policy Rules in Small Open Economies: A Keynesian Perspective, 10. Semi-Structural Keynes-Goodwin Modelling: Elaboration and Calibration of a Baseline Theoretical Framework, Part 3. Multisectoral and Microfounded Approaches, 11. Decomposition Methods for Analyzing Intra-regional and Inter-regional Income Distribution, 12. Computational Explorations of Vertically Coupled Markets, 13. Microfounded Animal Spirits and Goodwinian Income Distribution Dynamics, 14. Goodwin's Structural Economic Dynamics in the Context of Globalisation

O autorze

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.