Overview
This book challenges the mainstream paradigm, based on the inter-temporal optimisation of welfare by individual agents. It introduces a methodology for studying how institutions create flows of income, expenditure and production together with stocks of assets and liabilities, thereby determining how whole economies evolve through time.
- | Author: W. Godley
- | Publisher: Palgrave MacMillan
- | Publication Date: Mar 27, 2012
- | Number of Pages: 530 pages
- | Binding: Paperback or Softback
- | ISBN-10: 0230301843
- | ISBN-13: 9780230301849
