This collection of theoretical studies reflects a variety of research paradigms. Together they contribute to an interesting and important theme - financial instability is a significant characteristic of modern capitalism. These studies reflect the belief that capitalism progresses through historical time in a dynamic fashion that is too complex for laissez-faire to be a practical policy rule. Government is necessary to realize full economic potential, and economic theory should provide insights that enable policymakers to design effective government policy.
By:
Willi Semmler
Imprint: M.E. Sharpe
Country of Publication: United States
Dimensions:
Height: 229mm,
Width: 152mm,
Weight: 526g
ISBN: 9780873325318
ISBN 10: 0873325311
Pages: 274
Publication Date: 30 June 1989
Audience:
College/higher education
,
A / AS level
,
Further / Higher Education
Format: Hardback
Publisher's Status: Active
"I Basic Models on Nonlinear Dynamics and Financial Instability: A Minsky Crisis, Finance, Instability, and Cycles, Debt-Financing of Firms, Stability, and Cycles in a Dynamical Macroeconomic Growth Model, Accumulation, Finance, and Effective Demand in Marx, Keynes, and Kalecki, The Real and Financial Determinants of Stability: The Law of the Tendency Toward Increasing Instability, II Stabilization Policy in Nonlinear Dynamical Models with Money and Finance: Comparative Monetary and Fiscal Policy Dynamics, Monetary Stabilization Policy in a Keynes-Goodwin, Model of the Growth Cycle, Qualitative Effects of Monetary Policy in ""Rich"" Dynamic Systems, Debt Commitments and Aggregate Demand: A Critique of the Neoclassical Synthesis and Policy, III Empirical Evidence on Debt and Financial Instability: The Cyclical Behavior of Corporate Financial Ratios and Minsky's Financial Instability Hypothesis, Theories of Financial Crises, The Political Economy of the External Debt and Growth: The Case of Peru"
