Strategic Competition, Dynamics, and the Role of the State

Jamee K. Moudud

in Books from Edward Elgar Publishing

Abstract: Jamee Moudud provides a new microfoundational explanation for the Harrodian long-run or warranted growth rate. The author, emphasizing the role of Keynesian uncertainty, shows that the growth model is anchored in a new interpretation of the Oxford Economists’ Research Group’s microeconomic analysis and a variant of the stock-flow consistent framework. In a distinctly Kaldorian vein, Jamee Moudud discusses the relationship between capital budgeting, public investment, and taxation policy as it relates to the warranted growth rate and its impact on long-term involuntary unemployment.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: Z0 (search for similar items in EconPapers)
Date: 2010
ISBN: 9781845429232
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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Chapters in this book:

Ch 1 Introduction

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Ch 2 The Microfoundations of Long-run Growth: Controversies on Capacity Utilization and Competition

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Ch 3 A Review of the Literature on Growth

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Ch 4 A Model of Disequilibrium Dynamics

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Ch 5 Warranted Growth and the Role of the State

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Ch 6 Conclusion: The Relevance of Microfoundations and Politics

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