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Path dependency and macroeconomics

by Philip Arestis, Malcolm C. Sawyer

Cover of Path dependency and macroeconomics

"This fifth volume in the International Papers in Political Economy (IPPE) series focuses on the theme of path dependency and macroeconomics in terms of both theory and applications. The volume examines how path dependency is linked with notions of fundamental uncertainty, non-ergodicity and hysteresis"--Provided by publisher.

MacroeconomicsEvolutionary economicsHysteresisUncertaintyErgodic theory