| Structural Dynamics and Economic Growth Contributor(s): Arena, Richard (Editor), Porta, Pier Luigi (Editor) |
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ISBN: 1107015960 ISBN-13: 9781107015968 Publisher: Cambridge University Press OUR PRICE: $123.50 Product Type: Hardcover - Other Formats Published: June 2012 |
| Additional Information |
| BISAC Categories: - Business & Economics | Development - Economic Development - Business & Economics | Economics - General - Business & Economics | Economic History |
| Dewey: 338.9 |
| LCCN: 2011025054 |
| Physical Information: 0.8" H x 6" W x 9" (1.35 lbs) 310 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The mainstream neo-classical models of growth that have largely dominated modern growth theory are based around assumptions of diminishing returns on extra capital with technological innovation and appropriate institutions being seen as key to economic growth. An alternative model of economic growth emerged from the Cambridge school of Keynesian economists in the 1950s and 1960s. This model emphasizes the importance of demand and the dynamics of the growth of industrial systems. The scholar most associated with this approach to economic growth is Luigi Pasinetti whose book Structural Change and Economic Growth (Cambridge University Press, 1981) has been hugely influential to a generation of post-Keynesian economists. This collection evaluates the achievements of Pasinetti's structural dynamics, with contributions from both post-Keynesian economists, including Pasinetti, and from some distinguished and critical neo-classical economists, including Nobel laureate Robert Solow. |
Contributor Bio(s): Porta, Pier Luigi: - Pier Luigi Porta is Professor of Economics at the University of Milano-Bicocca, Italy, and a visiting fellow of Wolfson College, Cambridge.Arena, Richard: - Richard Arena is Professor of Economics at the University of Nice-Sophia Antipolis, France, where he is Director of the Institute of Human and Social Sciences. He is also the managing editor of the Revue d�conomie Industrielle. |