
As an Amazon Associate and affiliate partner, Menrva Books earns from qualifying purchases. Learn more
To contribute a basis for the development of practical solutions to the problems of stagnation, unemployment and inflation, through a synthesis of a monetarist financial system and a Keynesian flow system.
This text investigates the structural integration of monetarist financial systems and Keynesian flow models to address persistent economic stagnation, unemployment, and inflation. The authors, Francis Cripps and Wynne Godley, utilize their expertise in post-Keynesian modeling to propose a unified framework for macroeconomic analysis. By synthesizing these two traditionally distinct schools of thought, the work provides a rigorous methodology for diagnosing systemic economic failures and developing actionable policy interventions.
What You Will Find
The work is regarded as a significant contribution to post-Keynesian economic literature, noted for its attempt to bridge the gap between financial stock-flow consistency and real-sector output. Its technical density and focus on systemic modeling suggest it is intended for advanced students and professional economists seeking a structural approach to macroeconomic policy.
Page Count:
315
Publication Date:
1983-01-01
Publisher:
Fontana Paperbacks
ISBN-10:
0006359434
ISBN-13:
9780006359432
No comments yet. Be the first to share your thoughts!