Aggregate demand, growth and instability

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Chapter 5 in Aggregate Demand, Inequality and Instability, 2016, pp 45-52 from Edward Elgar Publishing

Abstract: This chapter introduces Harrod’s analysis in order to understand the origin of instability in a dynamic model. It deals with the relationships with the neoclassical growth models, where the role of demand is null and the instability process is a mathematical curiosum. It shows how instability arises in a demand-driven model and how it can be thwarted.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2016
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