Artikel
Post-Keynesian macrodynamics and path-dependent growth
This paper discusses the treatment of growth as a path-dependent process in post-Keynesian macrodynamics. A synthetic post-Keynesian growth model is used to demonstrate the ways in which growth can be described as path-dependent in the post-Keynesian tradition. Recent developments in neoclassical endogenous growth theory are then discussed, with a view to highlighting the sense in which these developments encroach on the post-Keynesian treatment of growth as demand-led and path-dependent. Finally, the paper reflects on the pros and cons of these neoclassical developments for the future of post-Keynesian macrodynamics.
- Language
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Englisch
- Bibliographic citation
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Journal: Intervention. European Journal of Economics and Economic Policies ; ISSN: 2195-3376 ; Volume: 08 ; Year: 2011 ; Issue: 2 ; Pages: 299-316
- Classification
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Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
General Aggregative Models: Neoclassical
One, Two, and Multisector Growth Models
- Subject
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post-Keynesian growth theory
neoclassical growth theory
endogenous growth
path dependence
- Event
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Geistige Schöpfung
- (who)
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Setterfield, Mark
- Event
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Veröffentlichung
- (who)
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Metropolis-Verlag
- (where)
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Marburg
- (when)
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2011
- DOI
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doi:10.4337/ejeep.2011.02.06
- Handle
- Last update
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10.03.2025, 11:42 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Artikel
Associated
- Setterfield, Mark
- Metropolis-Verlag
Time of origin
- 2011
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