Dynamics Of A Capitalist Economy A Multisectoral Approach
Product details
Biographical note
Richard Goodwin is one of those great economic scholars with an inside reputation. Researchers at the frontier of political economy waited eagerly around 1950 for his forthcoming treatise on nonlinear business cycles. His work as a Rhodes Scholar at Oxford and as a brilliant young colleague of Joseph Schumpeter at postwar Harvard raised legitimate hope.
In this book Professor Goodwin eschewing fine-scale minutiae or classical mechanics, has addressed the big picture. His work deals with the great issues of: the class struggle a Ia Karl Marx; predator prey dramas of the Lotka- Volterra type; von Neumann's magisterial model of autonomous growth; Harrodian and Sraffian developments of Keynesian systems in their input-output aspects (or accelerator-multiplier aspects). Professor Lionello Punzo of a postwar generation provides additional chapters of multi-sector dynamics, working from and going beyond the aggregate models of Harrod, Domar, and Solow.
In this book Professor Goodwin deals with the great issues of: the class struggle a Ia Karl Marx; predator prey dramas of the Lotka- Volterra type; von Neumann's magisterial model of autonomous growth; Harrodian and Sraffian developments of Keynesian systems in their input-output aspects (or accelerator-multiplier aspects).
Part I Macrodynamics, 1 Basic Concepts 2 Dual Linear Theory of Output and Value 27 3 Dual Unear Dynamics 4 The Fluctuating Evolution of Capitalism, Part II Modelling the Structure of a Capitalist Economy, 5 The Multisectoral Approach 6 Closed Multisectoral Models, 7 Prices and the Process Model
Product details
Biographical note
Richard Goodwin is one of those great economic scholars with an inside reputation. Researchers at the frontier of political economy waited eagerly around 1950 for his forthcoming treatise on nonlinear business cycles. His work as a Rhodes Scholar at Oxford and as a brilliant young colleague of Joseph Schumpeter at postwar Harvard raised legitimate hope.