Suchergebnisse

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.

This book includes the results of an International Workshop held at the Department of Political Economy of the University of Siena in December 1986. It focuses on the presentation, discussion, and comparison of two most interesting theories proposed for the explanation of long waves, namely the technological (neo-Schumpeterian) and the "social" approach. One of the main results that emerges is that the two approaches are not mutually exclusive and that an integrated theory of long waves is a feasible construction. The book consists of three parts. The first comprises theoretical approaches including also contributions shaped in the neo-Marxist and neoinstitutional perspectives. In the second part, applied analyses are gathered, ranging from case studies to econometric works on both underdeveloped and industrialized countries. Finally, contributions on economic history, methodological aspects and history of economic doctrines are also presented

I. Extensions of the Predator-Prey-Model of a Growth Cycle -- Implications of Workers' Savings for Economic Growth and the Class Struggle -- Alternative Monetary Policies in a Classical Growth Cycle -- Unemployment Insurance and Cyclical Growth -- A Generalization of R.Goodwin's Model with Rational Behaviour of Economic Agents -- Disaggregating Models of Fluctuating Growth -- II. Further Contributions to a Theory of Fluctuating Growth -- Cyclical Input Demands and the Adjustment Cost Theory of the Firm -- Long-Term Growth and the Cyclical Restoration of Profitability -- The Inflation-Based 'Natural' Rate of Unemployment and the Conflict over Income Distribution -- Cyclical and Structural Aspects of Unemployment and Growth in a Nonlinear Model of Cyclical Growth -- III. On New Mathematical Methods and Methodological Concepts -- Some New Techniques for Modelling Nonlinear Economic Fluctuations: A Brief Survey -- Synergetics and Dynamic Economic Models -- Embodied Technical Progress in a Dynamic Economic Model: The Self-Organization Paradigm -- Fluctuations and Growth: Keynes, Schumpeter, Marx, and the Structural Instability of Capitalism -- IV. Econometric Models -- Cyclical Growth in a Nonlinear Macrodynamic Model of the Italian Economy -- An Econometric Model of the Shares of Wages in National Income: UK 1855–1965.