Description:
Presents a theoretical understanding of dynamics of economic evolution, viewed against the background of contemporary domestic and international politico-economic arrangements. After a presentation of essential elements of the neo-Keynesian framework and the neo- Keynesian optimal capital theory, the theory of aggregate investment behavior in a closed economy is advanced, the role played by fiscal policy is modeled, and the relationship between the theory of aggregate investment and the neoclassical one-sector growth in a closed economy is examined.
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