Umfang:
1 online resource (465 pages)
Ausgabe:
1st ed.
ISBN:
9780415313155
,
9781135033460
Inhalt:
As well as full coverage of the English-language literature, Macrodynamics covers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont
Anmerkung:
Front Cover -- Macrodynamics: Fluctuations and Growth -- Copyright Page -- Contents -- Preface -- Foreword by F. H. Hahn -- Introduction -- 1. Dynamic analysis -- 2. Macrodynamic analysis -- 3. Economic movements: fluctuations and growth -- 4. The plan of the book -- Part One: The Development of Macrodynamics -- Chapter 1: Great dynamic theories of the past -- 1. The Ricardian dynamic mechanism -- A The growth process and the constraints on growth -- B Self-regulation of the system -- 2. The dynamic trend in Marx -- A The accumulation of capital -- B The laws of motion -- 3. Capitalist crises -- A The formal conditions for reproduction -- B The possibility of crises -- C The determination of crises -- Chapter 2: Pre-Keynesian theories of growth and fluctuations -- 1. The main alternative theories of fluctuations -- A Economic crisis as a monetary phenomenon -- B Overcapitalisation -- C Underconsumption -- 2. The 'state of the art' at the time of thedepression -- A Hayek: a synthesis -- B A new direction: Keynes's Treatise on Money -- 3. Growth: Schumpeter -- A Innovation and enterprise -- B The evolution mechanism -- Chapter 3: The Keynesian revolution -- 1. The General Theory and Keynesianism -- A The general theory of employment -- B Keynesianism and the IS-LM model -- 2. Keynesian theory and neoclassical analysis -- A Say's law and Walras' law -- B The Keynesian and neoclassical models -- C Can unemployment persist indefinitely? -- 3. Keynesianism and macroeconomic policy -- A Multipliers in the full Keynesian system -- B Developments of the Keynesian model -- C Some notes on Keynesian intervention policies -- Part Two: Behavioural Dynamics -- Chapter 4: The consumption function -- 1. The development of the aggregate Keynesian function -- A Post-Keynesian functions -- B Permanent income and the critique of the Keynesian function
,
A The aggregation conditions for production functions -- B The introduction of technical progress -- C The determinants of technical progress -- 2. The Cambridge critique -- A The representation of techniques and capital re-switching -- B The classification of techniques and the evaluation of capital -- C Some developments and conclusions -- 3. The factors contributing to growth -- A The evaluation of the residual -- B The analysis of the residual -- C The persistence of a residual -- Chapter 8: The stability and regulation of growth -- 1. The problem of instability -- A The Harrodian theory of instability -- B The theory of automatic regulation -- C The debate over stability: unreal problem and real question -- 2. Regulation through the structure of production -- A Growth and stability in a two-sector economy -- B Models with generations of capital -- 3. Regulation through the savings rate -- A Cambridge-type models with differential savings behaviour -- B Introduction of money and financial assets -- Chapter 9: Growth: trends and limits -- 1. Optimal growth -- A Optimal steady-state growth: the golden rule -- B The Von Neumann model -- C Optimal growth in a single-good economy -- 2. Exhaustible resources -- A Rules for evaluating exhaustible resources -- B Balanced growth and exhaustible resources -- C The costs of growth -- Part Four: Instability in the Short Term: Disequilibria, inflation, Unemployment -- Chapter 10: The analysis of fluctuations -- 1. The stability of dynamic models -- A The stability of equilibrium for price adjustments -- B The stability of aggregate equilibrium for quantity adjustments -- C The stability of general equilibrium -- 2. Business cycles -- A Samuelson's oscillator -- B The development of models of fluctuations -- C Growth and fluctuations -- 3. Cyclical properties of macroeconomic models
,
A The problem, and a typology of its solutions -- B Two examples of model behaviour -- C The control of fluctuations -- Chapter 11: Inflation and unemployment -- 1 Theories of inflation -- A Demand-pull inflation -- B Cost-push inflation -- C Hansen's analysis and 'equilibrium inflation' -- D Price formation -- E The Monetarist approach and the quantity theory -- 2. The Phillips curve and its developments -- A Phillips's approach and its interpretation -- B Introduction of complementary variables -- C The 'structural' hypothesis -- D The instability of the Phillips curve -- 3. The accelerationist critique and rational expectations -- A The accelerationist theory -- B The rational expectations hypothesis -- 4. Extension of the concept of voluntary unemployment -- A Imperfect information in the labour market -- B Job search -- C The interaction of labour supply and demand -- D Outline of a typology of unemployment -- Chapter 12: Disequilibria in the present day -- 1. The rise of disequilibria -- 2. The Marxist approach: overaccumulation and crisis -- A Overaccumulation of capital -- B The devalorisation of capital -- C The inevitability of crisis and its historical context -- 3. The modern disequilibrium theory: the non- market clearing paradigm -- A The foundations: a non-Walrasian world -- B A typology of macroeconomic equilibria with rationing -- C The dynamics of disequilibria -- 4. Disequilibria and macroeconomic regulation -- A The impulse factors -- B Propagation of disequilibrium -- C The characteristics of regulation today -- D Beyond global Keynesianism -- Conclusion -- Notes -- Bibliography -- Index
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C The time structure of the multiplier effects -- D The instability of the multiplier -- 2. Inter-temporal choice and the consumption function -- A The reference model: inter-temporal consumer choice -- B Permanent income: theoretical content -- C Permanent income and expectations -- 3. Consumption, wealth and liquidity -- A The real balance effect -- B The impact of inflation -- C The liquidity effect -- D Consumption in a disequilibrium situation -- Chapter 5: Investment and factor demand -- 1. Investment as the demand for productive capital -- A The production function as an expression of technological constraints -- B Properties of production functions -- C Factor demand -- D The accelerator and the development of the desired capital stock -- 2. The investment function and the capital goods market -- A The capital goods market -- B The financial constraints on investment -- 3. Investment as an adjustment process -- A The flexible accelerator and capital stock adjustment -- B Contemporary investment functions and some associated problems -- C Labour as a quasi-fixed factor -- D Cross-adjustment of factors -- Chapter 6: Financial behaviour and the demand for money -- 1. The role of money in a portfolio of risk assets -- A Liquidity and the return on money -- B The contribution of portfolio theory -- C The demand for different assets -- 2. The demand for money in the face of uncertainty -- A The speculation motive in Keynes -- B Derivation of the macroeconomic demand formoney function -- C Liquidity preference reinterpreted -- 3. The monetary economy and the monetarist viewpoint -- A The demand for money in Friedman -- B The revival of functional analysis -- C Disequilibrium and the monetary economy -- Part Three: Growth -- Chapter 7: The representation of growth and its sources -- 1. Macroeconomic production functions and technical progress
Weitere Ausg.:
Print version Hénin, Pierre-Yves Macrodynamics: Fluctuations and Growth Oxford : Taylor & Francis Group,c2003 ISBN 9780415313155
Sprache:
Englisch
Schlagwort(e):
Electronic books
URL:
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