Path dependency and macroeconomics[e...
Arestis, Philip, (1941-)

 

  • Path dependency and macroeconomics[electronic resource] /
  • Record Type: Language materials, printed : Monograph/item
    [NT 15000414]: 339
    Title/Author: Path dependency and macroeconomics/ edited by Philip Arestis and Malcolm Sawyer.
    other author: Arestis, Philip,
    Published: Basingstoke [England] ; : Palgrave Macmillan,, 2009.
    Description: xi, 261 p. : : ill. ;; 23 cm.
    Subject: Macroeconomics.
    Subject: Uncertainty.
    Subject: Ergodic theory.
    Subject: Hysteresis (Economics)
    ISBN: 9780230251090
    ISBN: 0230251099
    [NT 15000227]: Includes bibliographical references and index.
    [NT 15000228]: Path Dependence and Demand-Supply Interactions in Macroeconomic Analysis / P. Arestis & M. Sawyer -- Path Dependency, Hysteresis and Macrodynamics / M. Setterfield -- Involuntary Unemployment in a Path Dependent System: The Case of Strong Hysteresis / D. Lang -- Path Dependence, Equilibrium, and Economic Growth / A. Dutt -- Money Wage Rigidity, Monopoly Power and Hysteresis / A. Palacia-Vera -- The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective / M. Karanassou &H. Sala.
    [NT 15000229]: The International Papers in Political Economy (IPPE) series exploresthe latest developments in political economy. This fifth volume focuses on the theme of path dependency and macroeconomics interms of both theory and applications. The volume deals with the meaning of the concept of path dependency, and examines how path dependency is linked with notions of fundamental uncertainty, non-ergodicity and hysteresis, whichhave been highlighted in the generation of path dependency. The implications of the notion of path dependency for macro-economic analysis arediscussed in terms of the interrelationship between aggregate demand and supply potential and the availability of future resources. This bookoffers detailed analysis and informed comment on the real economic issues involved in path dependency and macroeconomics. It is essential reading for all postgraduates and scholars looking for expert discussion and debate of the issues surrounding path dependency in economics.
    Online resource: access to fulltext (Palgrave)
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