ENGLISH

The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and Schumpeter

By Peter Flaschel

Book information

Publisher
Springer
Year
2008
ISBN
3540879315, 9783540879312
Language
english
Format
PDF
Filesize
5 MB (5377434 bytes)
Edition
2nd ed.
Pages
402\402
Orientation
yes
Scanned
no
Time added
2011-04-18 11:31:18

Description

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.

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