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Flaschel, Peter:
Macrodynamics: Income Distribution, Effective Demand
and Cyclical Growth.
Dynamic Economic Theory, Vol. 15. Peter Lang 1993.
ISBN 3-631-46088-0.
This book on macrodynamic theories of growth, (in)stability and
cycles shows that the debate between Keynesians, Monetarists and
New-Classical economists can be reformulated from the perspective
of a further and quite different approach to macroeconomic model
building. The reformulation starts out from Goodwin´s growth cycle model,
which is then extended in various ways in the pursuit of this
aim. Besides this central theme, the book also introduces into
Keynesian, Marxian and neoclassical models of short-, medium-
and long-run macroeconomics. This is done in parts I and II. Models which
synthesize these approaches, thus providing a
(deterministic) framework for the investigation of the
adequateness of the various explanations of cyclical growth and
inflation, are considered in part III.
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