Unbalanced growth from a balanced perspective

"Synthesising Marx's, Keynes's and Schumpeter's theories on wage-price dynamics, effective demand, real innovations and financial markets into a coherent whole, this book goes significantly beyond a consideration of their work in isolation. It focuses on exploring and analysing G...

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Bibliographic Details
Main Authors: Chiarella, Carl (Author), Flaschel, Peter (Author), Franke, Reiner (Author), Araújo, Ricardo (Author)
Format: eBook
Published: Northampton Edward Elgar Publishing 2021, 2021
Online Access:
Collection: Edward Elgar eBooks Collection Business & Economics - Collection details see MPG.ReNa
Table of Contents:
  • Contents: 1. After the GT: Synthesizing Harrod's Knife-Edge Growth and Kaldor's Model of the Trade Cycle
  • Part I Output Expansion, Inflation and Fluctuating Growth from a Supply-Side Angle
  • 2. Keynes-Wicksell-Goodwin Monetary Growth and the Cascade of Stable Matrices Method
  • 3. Output Expansion, Effective Demand and the Conflict about Income Distribution
  • 4. Effective Demand and Real Wage Barriers as Causes of Chronic Inflation
  • 5. The Dynamics of Liquidity / Profit-Rate Cycles With Helmar Nunes Moreira
  • 6. Being Keynesian in the Short Term and Classical in the Long Term. The Traverse to Classical Long-Term Equilibrium / Gérard Duménil and Dominique Lévy
  • Part II Firms, Debt and Income Distribution from a Demand-Side Angle
  • 7. Keynes-Metzler-Goodwin (KMG) Model Building. A Baseline Approach to Keynesian Disequilibrium Growth
  • 8. Stock-Flow Consistent Kaleckian Models of Monetary Growth
  • 9. Firms, Asset Markets and Income Distribution: Lance Taylor's Structuralist Approach With Daniele Tavani
  • 10. Aggregate Demand in Classical-Marxian Growth Models / Amitava Dutt
  • 11. A Baseline Model of the Goodwin Marx-Keynes-Schumpeter System
  • Part III The Road Ahead: MKS-type Socio-economic Structures of Capital Accumulation
  • 12. 21th century 'Capitalism, Socialism and Democracy' from the historical perspective With Hans-Heinrich Nolte
  • 13. Credit-Driven Investment, Finance and Dual Labor Markets in High-Order Macrodynamics of the MKS type
  • 14. Savings under Uncertainty. A General Model
  • 15. Inflation, Exchange Rate and Opinion Dynamics in a Symmetric Two-Country Framework
  • 16. Harrod/Kaldor-Like Interactions of the Wage/Price-Spiral with Capital Accumulation: Wage-led Marxian Distributive Cycles
  • Index
  • Includes bibliographical references and index