Macrodynamics: Fluctuations and Growth - Paperback / softback

Building from the micro-foundations of economic behaviour to a full survey of macroeconomics, the book examines growth theory and equilibrium and disequilibrium approaches to provide a comprehensive survey of all the rival theoretical approaches that underlie central policy debates. A survey of pre-Keynesian theories of growth, fluctuations and the various short and long cycles and crises is followed by an exposition of Keynesian theory and its subsequent development and of the neo-classical revival. Topics covered include * Non-clearing market * Involuntary unemploymen * Persistent inflation As well as full coverage of the English-language literature, Macrodynamicscovers important contributions from the new school of French macroeconomists, including Malinvaud, Benassy and Grandmont.