Strategic Competition, Dynamics, and the Role of the State: A New Perspective (New Directions in Modern Economics)



Strategic Competition, Dynamics, and the Role of the State: A New Perspective (New Directions in Modern Economics)
Edward Elgar Pub (July 31, 2010) | ISBN: 1845429230 | 167 pages | File type: PDF | 1 mb

`Economists from all heterodox traditions of political economy will benefit from reading this book - both for its confirmation of many of the basic precepts of classical, Marxian and Harrodian economics and the challenges it poses for its trenchant Post-Keynesian/Kaleckian critics, for whom short-period analytics of effective demand can and should be extended to long-period analysis. While his critique of the principle of effective demand for the long run would leave many Post-Keynesians uncompromising, the strong Keynesian view held by the author on the necessity for public-sector capital budgeting, and a developmental state upon which ought to be grafted a long-term growth policy based on public investment would certainly find strong resonance in the context of the global economic crisis.'
- Mario Seccareccia, University of Ottawa, Canada and Editor of the International Journal of Political Economy

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