| Description |
xxvi, 556 pages : illustrations ; 24 cm |
| Contents |
Machine derived contents note: Prolegomenon Preface PART 1: COMPLEXITY AND ECONOMICS Marshall's Tides Complexity and Contingency Chaos Theory: Unpredictable Order in Chaos Unit Roots in Economic Time Series Implications of Complex Systems for Economic Analysis PART 2: SOME THOUGHTS ON ECONOMIC DATA AND NATIONAL INCOME ACCOUNTING Sorites Paradox: The 'Looseness' of Economic Concepts and the Mismeasurement of National Income Saving is the Accounting Record of Investment Capital Gains: A Hicksian Definition of Income PART 3: THE ENDOGENEITY OF MONEY AND EXOGENEITY OF INTEREST RATES Commercial Bank Intermediation The Endogeneity of the Supply of Credit Money Central Banking and the Exogeneity of Interest Rates PART 4: THE DETERMINATION OF PRICES, OUTPUT AND GROWTH RATES Markup Pricing and the Aggregate Supply Relationship The Raffishness of Mainstream Macroeconomics Interest Rates and Aggregate Demand Monetary Policy and Volutional Saving The Monetary Transmission Process PART 5: OPEN ECONOMY CONSIDERATIONS Using National Currencies in International Transactions: The Case for Fixed Exchange Rates Using National Currencies in International Transactions: The Case for Flexible Exchange Rates Using a Common Currency in International Transactions: The Post-Keynesian Case for No Exchange Rate Financial Barriers to Demand-Led Growth |
| Summary |
"This book makes the case that economies are complex systems and develops a unique dynamic nonequilibrium process analysis of macroeconomics. The book provides a brief introduction to complex systems, chaos theory and unit roots and develops the importance and implications of contingency for economic behaviour. Moore also develops a new tool of 'Process Analysis' to replace equilibrium analysis for the analysis of macroeconomic phenomena in historical time."--BOOK JACKET |
| Notes |
Formerly CIP. Uk |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Macroeconomics.
|
| LC no. |
2005048133 |
| ISBN |
1403999465 (hbk.) |
|
9781403999467 (hbk.) |
|
