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.
- ISBN10 0312214227
- ISBN13 9780312214227
- Publish Date 1 July 1998 (first published 8 April 1998)
- Publish Status Active
- Publish Country US
- Imprint St. Martin's Press
- Format Hardcover
- Pages 284
- Language English