Cover -- Contents -- About the Author -- Acknowledgements -- Preface -- Part One: Foundations -- 1. Introduction: Disequilibrium and the Logic of Feedback -- 2. From the Old to the New -- Part Two: Feedback in Action -- 3. The Business Cycle: How Feedback Drives Economic Volatility -- 4. Depression and Hyperinflation: Extreme Examples of Feedback -- 5. Two Modern Crises as Feedback Loops -- Part Three: Policy -- 6. Counter-Cyclical Policy -- 7. The Limitations of Counter- Cyclical Policy -- 8. Counter-Cyclical Policy in a Globalised World -- 9. Harmful Effects of Counter- Cyclical Policy -- 10. Growth and Inequality as Feedback Processes -- 11. Conclusion: The Need for Change -- References -- Index.
Argues that the scientific concept of feedback - the idea that change in some element of a system can cause further change in that element - represents a general concept of economic change.
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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2019. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.