Strategic Competition, Dynamics, and the Role of the State: A New Perspective

ISBN-13: 9781845429232 / Angielski / Twarda / 2010 / 192 str.

Jamee K. Moudud

Opis

Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists' Research Group's microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.