Longrun Dynamics

Download or read book Longrun Dynamics written by G. Snooks and published by Springer. This book was released on 1998-04-08 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off. It employs the inductive method proposed by J.S.Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides an entirely new basis for policy and is designed to counter the influence of neo-liberalism in economic theory.