Description: Longrun Dynamics is a groundbreaking work that takes up the challenge thrown down in the author's provocative manifesto Economics without Time (1993). 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. It also challenges those arbitrary neoclassical concepts that are the product of supply-side economics. The central feature of the "dynamic-strategy" theory is dynamic demand, which provides not only a realist dynamic form (in contrast to the artificial "steady state") but also the basis for a dynamic demand-response mechanism that contains a new theory of inflation. It is an analysis confirmed by the author's discovery of the growth-inflation curve. The dynamic-strategy model also provides the basis for a new set of policy principles designed to counteract the debilitating influence of neoliberal policies on the longrun viability of the Western world.

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