ENGLISH

Conflict and Effective Demand in Economic Growth

By Peter Skott

Book information

Publisher
Cambridge University Press
Year
2012
ISBN
0511983794, 9780511983795
Language
english
Format
PDF
Filesize
4 MB (3784924 bytes)
Pages
185\185
Topic
Economy
Time added
2014-05-30 07:20:37

Description

All capitalist economies experience fluctuations in employment and economic activity around a long term growth rate. This book provides an explanation for this cyclical pattern of growth. The author considers whether the causes of fluctuations in output and employment are to be found outside the system or within it, and whether the long term growth rate corresponds to the growth of the labor force. Important Marxian and Keynesian insights into the growth process are confirmed within a rigorous framework of analysis that does not exclude the traditional neoclassical mechanisms.

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