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Macrodynamics for a Better Society: The Economics of John Cornwall

Setterfield, Mark, Thirlwall, A.P. (2010) Macrodynamics for a Better Society: The Economics of John Cornwall. Review of Political Economy, 22 (4). pp. 481-498. ISSN 0953-8259. (doi:10.1080/09538259.2010.510312) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL
http://dx.doi.org/10.1080/09538259.2010.510312

Abstract

John Cornwall devoted his career to advancing macroeconomics with a view to improving the societies in which we live. We identify three distinct phases in Cornwall's mature scholarship, and analyse the substance of each. The first and second phases, devoted to the analysis of growth and inflation, respectively, reveal the three main cornerstones of Cornwall's macrodynamics: the importance of demand (even in the long run), the importance of institutions, and the path-dependent nature of economic change. The third phase saw Cornwall building on these foundations to develop and refine an evolutionary-Keynesian model of long-run capitalist development.

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Item Type: Article
DOI/Identification number: 10.1080/09538259.2010.510312
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > School of Economics
Depositing User: Lisa Jones
Date Deposited: 12 Jul 2016 13:34 UTC
Last Modified: 08 Feb 2020 04:08 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/56261 (The current URI for this page, for reference purposes)
Thirlwall, A.P.: https://orcid.org/0000-0002-1661-2218
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