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.
- ISBN13 9780333778364
- Publish Date 8 April 1998
- Publish Status Active
- Publish Country GB
- Imprint Palgrave Macmillan
- Format Paperback
- Pages 284
- Language English