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suppose that there is a normal or desirable level
This work investigates the structural imbalances within national economies and the necessity of maintaining consistent flow-of-funds accounting to ensure long-term stability. Wynne Godley, a prominent economist known for his work on stock-flow consistent modeling, utilizes rigorous mathematical frameworks to challenge conventional equilibrium theories. He argues that ignoring the interconnectedness of sectoral balances leads to flawed policy decisions and systemic economic failures.
What You Will Find
Scope Limits
Experts recognize this text as a foundational contribution to heterodox economic modeling and the development of stock-flow consistent analysis. Readers frequently note the technical density of the prose, which requires a strong background in econometrics and formal mathematical modeling to fully grasp the implications of the author's arguments.
Page Count:
315
Publication Date:
1983-01-01
Publisher:
Oxford University Press
ISBN-10:
0192153587
ISBN-13:
9780192153586
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