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The Macrodynamics of Capitalism : Elements for a Synthesis of Marx, Keynes and Schumpeter by Peter Flaschel is a nonfiction available to read on EtoBox.

What is The Macrodynamics of Capitalism : Elements for a Synthesis of Marx, Keynes and Schumpeter about?

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,

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

Author

Peter Flaschel

Publisher

Springer Berlin

Published

2008

Language

EN

ISBN

9783642099717

Category

nonfiction

Subjects

Economics, History, Business