Modelling Economic Development: an Evolutionary-Keynesian Approach.

This paper explains why mainstream equilibrium analysis is an unsuitable framework for explaining economic development. The authors present another approach. They apply it in the form of explanations of the two episodes of the post WWII era, golden age and what they refer to as the age of decline.

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Year of publication:	1998
Authors:	Cornwall, J. ; Cornwall, W.
Subject:	ECONOMIC MODELS \| ECONOMIC DEVELOPMENT \| MACROECONOMICS

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Type of publication:	Book / Working Paper
Notes:	44 pages
Classification:	E12 - Keynes; Keynesian; Post-Keynesian ; E20 - Consumption, Saving, Production, Employment, and Investment. General ; O41 - One, Two, and Multisector Growth Models
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005775569