Longrun Dynamics: A General Economic and Political Theory by G. D. Snooks, Graeme Donald Snooks |, Hardcover | Barnes & Noble
Longrun Dynamics: A General Economic and Political Theory

Longrun Dynamics: A General Economic and Political Theory

by G. D. Snooks, Graeme Donald Snooks
     
 
Longrun Dynamics is a groundbreaking work that takes up the challenge thrown down in the author's provocative manifesto Economics without Time (1993). 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. It also

Overview

Longrun Dynamics is a groundbreaking work that takes up the challenge thrown down in the author's provocative manifesto Economics without Time (1993). 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. It also challenges those arbitrary neoclassical concepts that are the product of supply-side economics. The central feature of the "dynamic-strategy" theory is dynamic demand, which provides not only a realist dynamic form (in contrast to the artificial "steady state") but also the basis for a dynamic demand-response mechanism that contains a new theory of inflation. It is an analysis confirmed by the author's discovery of the growth-inflation curve. The dynamic-strategy model also provides the basis for a new set of policy principles designed to counteract the debilitating influence of neoliberal policies on the longrun viability of the Western world.

Editorial Reviews

Booknews
Snooks (economics, Australian National University) 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, and challenges those arbitrary neo-classical concepts that are the product of supply- side economics. His dynamic-strategy model provides the basis for a new set of policy principles designed to counteract the debilitating influence of neoliberal policies. Annotation c. by Book News, Inc., Portland, Or.

Product Details

ISBN-13:
9780312214227
Publisher:
St. Martin's Press
Publication date:
06/28/1998
Pages:
304
Product dimensions:
5.62(w) x 8.73(h) x 1.15(d)

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