Longrun Dynamics: A General Economic and Political Theory

This text begins where the author’s Economics without Time (1993) left off. It employs the inductive method proposed by J.S. Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and a new explanation of macroeconomics variables. The general theory also provides a basis for policy and is designed to counter the influence of neo-liberalism in economic theory.