complexity, endogenous money and exogenous interest rates /
First Statement of Responsibility
by Basil John Moore.
.PUBLICATION, DISTRIBUTION, ETC
Place of Publication, Distribution, etc.
New York :
Name of Publisher, Distributor, etc.
Palgrave Macmillan,
Date of Publication, Distribution, etc.
2005.
PHYSICAL DESCRIPTION
Specific Material Designation and Extent of Item
xxvi, 556 pages :
Other Physical Details
illustrations ;
Dimensions
24 cm
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 522-546) and index.
CONTENTS NOTE
Text of Note
Complexity and economics -- Some thoughts on economic data and national income accounting -- The endogeneity of money and exogeneity of interest rates -- The determination of prices, output, and growth rates -- Open economy considerations.
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SUMMARY OR ABSTRACT
Text of Note
"This book makes the case that economies are complex systems and develops a unique dynamic nonequilibrium process analysis of macroeconomics. The book provides a brief introduction to complex systems, chaos theory and unit roots and develops the importance and implications of contingency for economic behaviour. Moore also develops a new tool of 'Process Analysis' to replace equilibrium analysis for the analysis of macroeconomic phenomena in historical time."--Jacket.