Research Catalog

Title

Path dependency and macroeconomics / edited by Philip Arestis and Malcolm Sawyer.

Publication

New York : Palgrave Macmillan, 2009.

Items in the Library & Off-site

Details

Additional Authors

• Arestis, Philip, 1941-
• Sawyer, Malcolm C.

Description

xi, 261 p. : ill.; 23 cm.

Summary

"This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume deals with the meaning of concept of path dependency, and examines how path dependency is linked with notions of fundamental uncertainity, non-ergodicity and dependency. The implications of the notion of path dependency for macroeconomic analysis are discussed in terms of the interrelationship between aggregate demand and supply potential and the availability of future resources. This book offers detailed analysis and informed comment on the real economic issues involved in path dependency and macroeconomics."--BOOK JACKET.

Series Statement

International papers in political economy series

Uniform Title

International papers in political economy.

Subject

• Evolutionary economics
• Hysteresis
• Macroeconomics

Bibliography (note)

• Includes bibliographical references and index.

Contents

1. Path Dependency and Demand-Supply Interactions in Macroeconomic Analysis / Philip Arestis and Malcolm Sawyer -- 2. Path Dependency, Hysteresis and Macrodynamics / Mark Setterfield -- 3. Involuntary Unemployment in a Path-Dependent System: The Case of Strong Hysteresis / Dany Lang -- 4. Path Dependence, Equilibrium and Economic Growth / Amitava Krishna Dutt -- 5. Money Wage Rigidity, Monopoly Power and Hysteresis / Alfonso Palacio-Vera -- 6. The Rise and Fall of Spanish Unemployment: A Chain Reaction Theory Perspective / Marika Karanassou and Hector Sala.

ISBN

• 9780230236004
• 0230236006

LCCN

• 2009042549
• 99935840015

OCLC

• ocn457010532
• 457010532

Owning Institutions

Columbia University Libraries