Dynamics of Keynesian Monetary Growth - Chiarella, Carl (University of Technology, Sydney) a Flaschel, Peter (Universitat Bielefeld, Germany)

This book is in the tradition of non-market-clearing approaches to macrodynamic economics. It shows for the first time that macrodynamics can be developed and investigated in a systematic fashion, leading to coherent models of fluctuation growth. This differs considerably from the microfounded full equilibrium approaches which are currently fashionable.