Income Distribution, Growth and Unemployment

A Complex Dynamic Approach

Piero Ferri (Autor)

Buch | Hardcover

264 Seiten

2022
Edward Elgar Publishing Ltd (Verlag)
978-1-80220-600-5 (ISBN)

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Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky–Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces.

Written in a succinct yet comprehensive style, Piero Ferri begins by addressing the basic principles, followed by an in-depth look at growth cycle models and how the Minsky–Harrod integrated model would help to unravel the current complexities. The empirical analysis reaches insightful conclusions by justifying the existence of a variety of results and by studying the distributive loop in a dynamic context which is prone to instability.

Teachers of macroeconomics and scholars will find this an invaluable read and will benefit from the practical study and results. Researchers interested in labour economics and political economy will also find this a thought-provoking book.

Piero Ferri, Professor Emeritus of Economics, University of Bergamo, Italy

Contents: Preface 1. Introduction to Income Distribution, Growth and Unemployment PART I THE BASICS 2. The lexicon of short-run static analysis 3. The political economy of income distribution 4. Elementary tools for dynamics PART II INCOME DISTRIBUTION IN GROWTH CYCLE MODELS 5. The Goodwin classical approach 6. The Kaleckian—post-Keynesian (KPK) models 7. Financial aspects: a Minskyan perspective 8. Harrod and instability PART III A GENERALIZED MODEL 9. A workhorse model 10. Growth and unemployment 11. Technological change, income distribution and unemployment 12. The wage—price spiral in an integrated model PART IV TOWARDS COMPLEX DYNAMICS 13. A meta-model of income distribution 14. Income distribution, inequality and debt 15. The financial instability hypothesis, income distribution and complex dynamics PART V CONCLUDING REMARKS 16 Final considerations References Index

Erscheinungsdatum	22.03.2022
Reihe/Serie	New Directions in Modern Economics series
Verlagsort	Cheltenham
Sprache	englisch
Maße	156 x 234 mm
Themenwelt	Sonstiges ► Geschenkbücher
Themenwelt	Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
ISBN-10	1-80220-600-0 / 1802206000
ISBN-13	978-1-80220-600-5 / 9781802206005
Zustand	Neuware