Richard Goodwin is one of those great economic scholars with an inside reputation. Researchers at the frontier of political economy waited eagerly around 1950 for his forthcoming treatise on nonlinear business cycles. His work as a Rhodes Scholar at Oxford and as a brilliant young colleague of Joseph Schumpeter at postwar Harvard raised legitimate hope.

• Part I Macrodynamics, 1 Basic Concepts 2 Dual Linear Theory of Output and Value 27 3 Dual Unear Dynamics 4 The Fluctuating Evolution of Capitalism, Part II Modelling the Structure of a Capitalist Economy, 5 The Multisectoral Approach 6 Closed Multisectoral Models, 7 Prices and the Process Model