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A new history of macroeconomics
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  • Modeling Economic Instability: an History of early Macroeoonomics
    • Chapter 1 – Introduction
    • Chapter 2 – Looking for Dynamic Economics: Tinbergen’s Early Breakthrough
    • Chapter 3 – Relaxation Oscillations in the Early Development of Econometrics: a Road Not Taken
    • Chapter 4 – Frisch’s Macro-Dynamics: Inner Stability and External Impulses
    • Chapter 5 – Kalecki’s Macro-Dynamics: “Automatic Cycles,” Stagnation and Class Struggle
    • Chapter 6 – Tinbergen’s Macro-Dynamics: Instability and the Possibility of Collapse
    • Chapter 7 – Business Cycles, Pump-Priming and the Role of Public Expenditures
    • Chapter 8 – Stability Analysis and Early Keynesian Systems
    • Chapter 9 – Full Employment and Instability: Disentangling Issues on Existence and Stability
  • Grappling with Instability: a history of early post WW2 period
  • Reviews of the Book

Tag: business cycle

Macrodynamics in wonderland: the race for profits in Kalecki (1933)

June 4, 2024 Michaël Assous and Vincent Carret

This post is based on the chapter 5 of the book. All comments are welcomed. “Well, in OUR country,” said…

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Posted in: Part I Filed under: business cycle, capitalists, profits

Out of the beaten path: Lundberg’s take on instability

November 6, 2021 Michaël Assous and Vincent Carret

      The idea that the economy can be fluctuating even if markets are at equilibrium (all which is…

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Posted in: Part II, Part III Filed under: business cycle, disequilibrium
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