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The New Economy and Macroeconomic Stability : A Neo-Modern Perspective Drawing on the Complexity Approach and Keynesian Economics - Dario Togati

The New Economy and Macroeconomic Stability

A Neo-Modern Perspective Drawing on the Complexity Approach and Keynesian Economics

Hardcover Published: 15th December 2005
ISBN: 9780415338769
Number Of Pages: 309

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The past decade has seen many leading economies, especially the US, undergo profound structural transformations. Departing from the standard theories employed to explain this phenomenon, here author Togati provides the first broad analysis of the New Economy. In this book, the first to look at the new economy from a post-Keynesian / post-modern perspective, he focuses on its macroeconomic implications, presenting a more balanced view than that provided by orthodox neoclassical analysis, and studying the interaction of key variables such as:


* information technology
* globalization
* the increasing significance of intangibles and financial markets.


This ground-breaking book utilizes a 'neo-modern' perspective drawing on complexity theory to advance the study of the stability and dynamic behaviour of economic systems. Togati utilizes the Calvino labels to identify new empirical evidence, and examines the implications for global stability based on New Classical Macroeconomics and Keynsian theory.


The analysis developed in this book has important practical and policy implications for the New Economy, making this book essential reading for students, academics and practitioners in this field.

List of figures
Preface
Introduction
Equilibrium without Structural Change
Instability and Dynamic Equilibrium
Structural Change without Equilibrium
The Crisis in Economic Theory and the Neo-modern Perspective
Complexity Theory
The Key Steps in our Simplification Strategy
The Neoclassical Macro Model
Keynes's Macro Model
Some Key Differences between Keynes and the 'Classics'
A Broad Definition of the New Economy
Multiplicity
Rapidity
Lightness
Precision
Visibility
New Classical Macroeconomics
New Classical Macroeconomics and the key features of the New Economy
Keynesian Theory and the New Economy: an overview
Keynesian Theory and Multiplicity
Keynesian Theory and Rapidity
Keynesian Theory and Lightness
Keynesian Theory and Precision
Keynesian Theory and Visibility: General remarks
Conclusion
Notes
Bibliography
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780415338769
ISBN-10: 041533876X
Series: Routledge Frontiers of Political Economy
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 309
Published: 15th December 2005
Country of Publication: GB
Dimensions (cm): 24.08 x 16.31  x 2.41
Weight (kg): 0.69
Edition Number: 1

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