Longrun Dynamics is a ground-breaking work that begins where the author's Economics without Time (1993) left off. It employs the inductive method proposed by J.S.Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides an entirely new basis for policy and is designed to counter the influence of neo-liberalism in economic theory.

Autorentext

Graeme Donald Snooks is the Coghlan in Economics Professor at the Institute of Advanced Studies at Australian National University.

Inhalt

List of Tables List of Figures Preface to the 1999 Reprint Preface PART ONE: INTRODUCTION Social Statics and Social Dynamics A Realist Dynamic Theory PART TWO: DYNAMIC APPROACHES Growth Theory Evolutionary Theory Strategic Theory PART THREE: DYNAMIC ORDER From the Invisible Hand to No Hand at All The Strategic Principle of Dynamic Order PART FOUR: THE DRIVING FORCE The Passive Nature of Homo Economicus The Dynamic Nature of 'Materialist Man' PART FIVE: THE DYNAMIC MECHANISM A Realistic Dynamic Form Strategic Demand The Dynamic-strategy Model Revisited PART SIX: THE DYNAMIC OUTCOME The Orthodox Explanation of Fluctuations The Strategic Explanation of Fluctuations PART SEVEN: POLITICS AND POLICY The New Political Economy The Strategic Model of Politics and Policy The General Principles of Strategic Policy Notes Glossary of New Terms and Concepts Bibliography Index