Beginning where the author's "Economics Without Time" (1993) left off, this book employs the inductive method proposed by J.S. Mill to develop a general dynamic theory that integrates the separate disciplines of economic growth, economic fluctuations, and political decision-making. The central feature of this general theory is dynamic demand, which provides both a realist form for the model and an explanation of macroeconomics variable. The general theory also provides a basis for policy and is designed to counter the influence of neo-liberalism in economic theory.
Graeme Donald Snooks is the Coghlan in Economics Professor at the Institute of Advanced Studies at Australian National University.