Logo - springer
Slogan - springer

Economics - Economic Theory | The Macrodynamics of Capitalism - Elements for a Synthesis of Marx, Keynes and Schumpeter

The Macrodynamics of Capitalism

Elements for a Synthesis of Marx, Keynes and Schumpeter

Flaschel, Peter

Originally published by Peter Lang Verlag, 1993

2nd ed. 2009, XIV, 399 p.

Available Formats:
eBook
Information

Springer eBooks may be purchased by end-customers only and are sold without copy protection (DRM free). Instead, all eBooks include personalized watermarks. This means you can read the Springer eBooks across numerous devices such as Laptops, eReaders, and tablets.

You can pay for Springer eBooks with Visa, Mastercard, American Express or Paypal.

After the purchase you can directly download the eBook file or read it online in our Springer eBook Reader. Furthermore your eBook will be stored in your MySpringer account. So you can always re-download your eBooks.

 
$149.00

(net) price for USA

ISBN 978-3-540-87932-9

digitally watermarked, no DRM

Included Format: PDF

download immediately after purchase


learn more about Springer eBooks

add to marked items

Hardcover
Information

Hardcover version

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$189.00

(net) price for USA

ISBN 978-3-540-87931-2

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

Softcover
Information

Softcover (also known as softback) version.

You can pay for Springer Books with Visa, Mastercard, American Express or Paypal.

Standard shipping is free of charge for individual customers.

 
$189.00

(net) price for USA

ISBN 978-3-642-09971-7

free shipping for individuals worldwide

usually dispatched within 3 to 5 business days


add to marked items

  • Assembles the ideas of Marx, Keynes and Schumpeter into an integrated macrodynamic framework
  • Offers a critique of the Neoclassical Synthesis and provides an alternative framework
  • Offers a rigorous alternative to mainstream macrodynamics with applications to the UK and the US

This book provides an introduction to basic as well as advanced macrodynamics, viewed as a disequilibrium theory of fluctuating growth. It builds on an earlier attempt to reformulate the foundations of macroeconomics from the perspective of real markets disequilibrium and the conflict over income distribution between capital and labor. It does so, not because it seeks to support the view that this class conflict is inevitable, but rather from the perspective that an understanding of this conflict may help to formulate social principles and policies that can help to overcome class conflict at least in its cruder forms. It is further hoped that such an understanding can even lead to rational procedures and rules that may turn this conflict into a consensus-driven interaction between capital and the employable workforce.

Peter Flaschel’s impressive book should help economists find their way back from the fanciful treatment of the economy as an omniscient, infallible person to the central task of macroeconomics:  to illuminate the forces that determine the growth and fluctuation of aggregate output, employment, and the general price level.
Richard Day, University of Southern California, Los Angeles, USA

This elegant book is a tour de force on the mathematical and conceptual underpinnings of a nonlinear, disequilibrium, macrodynamic theory of fluctuating growth with its pièce de résistance being the classic Goodwin growth cycle acting as a focal point for a consistent modelling of aggregate distributive variables. The author’s mathematical mastery of nonlinear dynamics is, by now, legendary; this book testifies to his deep knowledge of the doctrine-historical bases of the theories he is developing. The enlightened policies that a conjunction of masterly analysis and a sympathetic grasp of the unruly facts of aggregate variables in disequilibrium motion imply are enunciated with exceptional clarity and admirable conviction.
K. Vela Velupillai, University of Trento, Trento, Italy

 

Content Level » Research

Keywords » Capitalism - Distributive Cycles - Flexicurity Capitalism - Inflation - Keynes - Marx - Mass Umemployment - Schumpeter - Stagflation - Umbalanced Growth

Related subjects » Economics - Economic Theory - History of Economic Thought - Macroeconomics / Monetary Economics / Growth

Table of contents / Preface / Sample pages 

Popular Content within this publication 

 

Articles

Read this Book on Springerlink

Services for this book

New Book Alert

Get alerted on new Springer publications in the subject area of Economic Theory.