Structural slumps

Harvard University Press

1994

XIV, 420 p.

9780674843738

Part 1 Concepts and agenda: modern equilibrium theory; contrary postulates of the neoclassical schools; the labour-market equilibrium locus in modern models; the product-market equilibrium locus and partial-equilibrium unemployment determination; capital-market equilibrium, neoclassical and modern, and general-equilibrium employment; key factors in the structuralist theory of unemployment fluctuation. Part 2 The closed economy - working models: a turnover-training model; a customer-market model; a two-sector fixed-investment model; synthesis of the single-economy theory. Part 3 Small and large open economies - working models: international linkages through investment in employees; international linkages through investment in customers; international linkages through investment in fixed capital; synthesis of the global-economy theory. Part 4 Microtheoretic formulations, modern and neoclassical: interest and wealth in the microeconomics of the incentive wage and equilibrium unemployment; structural shifts and economic activity in neoclassical theory. Part 5 Empirical evidence: econometric tests of the theory: a post-war cross-country time-series Study; a concise non-monetary history of post-war economic activity. Part 6 Concluding notes: notes on classicism, etc; economic policies to which the structuralist theory might lead.

Английский