DISEQUILIBRIUM DYNAMICS
A Theoretical Analysis of
Inflation and Unemployment

by
KATSUHITO IWAI
Yale University Press, New Haven and London
1981
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TABLE OF CONTENTS

Chapter  Page 
Preliminary Pages

PART I. WICKSELLIAN DISEQUILIBRIUM DYNAMICS

1.  Dynamic Theory of the Monopolistically and Monopsonistically Competitive Firm
2.  The Process of Expectation Formation 48 
3.  The Cumulative Inflation Process and Say's Laws of Markets 70 

PART II. KEYNESIAN DISEQUILIBRIUM DYNAMICS IN THE SHORT RUN

4.  The Keynesian Principle of Effective Demand 117 
5.  The Keynesian Theory of Slump and the Wicksellian Theory of Crisis: A Synthesis 128 

PART III. KEYNESIAN DISEQUILIBRIUM DYNAMICS IN THE LONG RUN

6.  A Keynesian Model of Wage Adjustment 175 
7.  Macroscopic Steady State and the Long-Run Phillips Curve 207 
8.  A Model of Wage-Push Stagflation 227 
Note for Future Research 244 
Mathematical Appendixes 249 
References 299 
Index 308