Structural Dynamics and Economic Growth (eBook, PDF)

Redaktion: Arena, Richard

• Format: PDF

Produktbeschreibung

Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

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Produktdetails

• Verlag: Cambridge University Press
• Erscheinungstermin: 3. Mai 2012
• Englisch
• ISBN-13: 9781139335188
• Artikelnr.: 38278222

Inhaltsangabe

List of figures; List of tables; List of contributors; Introduction:
structural economic dynamics and contemporary growth theory Richard Arena
and Pier Luigi Porta; Part I. Structural Dynamics: Past and Present: 1.
Structural change: some historical aspects with special reference to
classical economics Peter Groenewegen; 2. Structural dynamics in an
historical perspective Mario Pomini; 3. Two approaches to the study of
structural change and economic development: Kuznets and Pasinetti Moshe
Syrquin; 4. Analyzing knowledge flows by means of vertical integration
Önder Nomaler and Bart Verspagen; 5. Growth: towards a structural
endogenous macro-model William J. Baumol; Part II. Structural Dynamics: The
Cambridge Keynesian Perspective: 6. Luigi Pasinetti: the senior living heir
of the Cambridge school of economics and the last of the great
system-builders Geoffrey Harcourt; 7. Toward a synthesis in post-Keynesian
economics in Luigi Pasinetti's contribution Heinrich Bortis; 8. Growth
theory, structural dynamics and the analysis of consumption Davide
Gualerzi; 9. Luigi Pasinetti's structural economic dynamics and the
employment consequences of new technologies Harald Hagemann; 10. The
concept of 'natural economic system': a tool for structural analysis and an
instrument for policy design Roberto Scazzieri; 11. Structural change and
invariable standards Takashi Yagi; Part III. Epilogue: Structural dynamics
as part of the 'unfinished revolution': on Pasinetti and the unfinished
Keynesian revolution Robert M. Solow; First afterword: Pasinetti on
structural dynamics Robert M. Solow; Growth and structural change:
perspectives for the future Luigi L. Pasinetti; Second afterword: the
significance of structural economic dynamics Luigi L. Pasinetti; Index.