| dc.contributor.author | Hughes, TH | |
| dc.date.accessioned | 2018-01-23T12:42:18Z | |
| dc.date.issued | 2017-07 | |
| dc.description.abstract | Modern economies are prone to persistent increases in debt and recurrent financial crises. We present a systems and control perspective on two hypotheses which aim to explain these dynamics: 1. the growth imperative - which investigates the conditions under which capitalist economies necessarily exhibit growing debt; and 2. the financial instability hypothesis - which proposes mechanisms underlying the tendency of capitalist economies to experience financial crises. | en_GB |
| dc.description.sponsorship | This research was conducted while the author was the
Henslow research fellow at Fitzwilliam College, University of Cambridge,
U.K., supported by the Cambridge Philosophical Society,
http://www.cambridgephilosophicalsociety.org. | en_GB |
| dc.identifier.citation | IFAC 2017 World Congress: 20th World Congress of the International Federation of Automatic Control, Toulouse, France, 9-14 July 2017 | en_GB |
| dc.identifier.uri | http://hdl.handle.net/10871/31166 | |
| dc.language.iso | en | en_GB |
| dc.publisher | International Federation of Automatic Control (IFAC) | en_GB |
| dc.relation.url | https://www.ifac2017.org/ | en_GB |
| dc.subject | Economic models | en_GB |
| dc.subject | financial dynamics | en_GB |
| dc.subject | debt | en_GB |
| dc.subject | growth | en_GB |
| dc.subject | financial instability | en_GB |
| dc.title | Monetary system dynamics | en_GB |
| dc.type | Conference paper | en_GB |
| dc.date.available | 2018-01-23T12:42:18Z | |
| dc.description | This is the author accepted manuscript. The final version is available from IFAC | en_GB |
