Structural Slumps

The Modern Equilibrium Theory of Unemployment, Interest, and Assets

PAPERBACK

$52.00 • £45.95 • €47.95

ISBN 9780674843745

Publication Date: 09/01/1998

440 pages

6-3/8 x 9-1/4 inches

41 line illustrations, 12 tables

World

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Preface
Introduction
I. Concepts and Agenda
- 1. Modern Equilibrium Theory
- 2. Contrary Postulates of the Neoclassical Schools
- 3. The Labor-Market Equilibrium Locus in Modern Models
- 4. The Product-Market Equilibrium Locus and Partial-Equilibrium Unemployment Determination
- 5. Capital-Market Equilibrium, Neoclassical and Modern, and General-Equilibrium Employment
- 6. Key Factors in the Structuralist Theory of Unemployment Fluctuation
II. The Closed Economy: Working Models
- 7. A Turnover-Training Model
- 8. A Customer-Market Model
- 9. A Two-Sector Fixed-Investment Model
- 10. Synthesis of the Single-Economy Theory
III. Small and Large Open Economies: Working Models
- 11. International Linkages through Investment in Employees
- 12. International Linkages through Investment in Customers
- 13. International Linkages through Investment in Fixed Capital
- 14. Synthesis of the Global-Economy Theory
IV. Microtheoretic Formulations, Modern and Neoclassical
- 15. Interest and Wealth in the Microeconomics of the Incentive Wage and Equilibrium Unemployment
- 16. Structural Shifts and Economic Activity in Neoclassical Theory
V. Empirical Evidence
- 17. Econometric Tests of the Theory: A Postwar Cross-Country Time-Series Study
- 18. A Concise Nonmonetary History of Postwar Economic Activity
VI. Concluding Notes
- 19. Notes on Classicism, Etc.
- 20. Economic Policies to Which the Structuralist Theory Might Lead
Notes
Glossary of Frequently Used Symbols
Index

The Modern Equilibrium Theory of Unemployment, Interest, and Assets