Economic Growth and Business Cycles : Prices and the Process of Cyclical Development

By: Paolo Sylos-Labini

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Hardcover | 1 January 1993

At a Glance

Hardcover
256 Pages

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24.13 x 16.51 x 1.91

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In this study, Professor Sylos Labini offers an analysis of growth that is at once theoretical, historical and statistical. The central aim of neo-classical economics has been to discover the equilibrium values of prices, incomes, employment and production. This text by contrast, seeks to understand the logic behind the movement of these quantities over time. Drawing upon a tradition in economics which dates from Adam Smith, while making use of modern analytical techniques, Sylos Labini views the process of growth as central to economic theory. Economic growth is seen not as a systematic increase of output conceived as an homogeneous aggregate, but rather as a process of structural change, affecting the composition of employment and bringing about changes in market forms, output, income distributions and the system of prices. It is suitable for students and teachers of economics who wish to become acquainted with a different approach to the process of growth.

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You Can Find This Book In

Non-Fiction Economics Development Economics & Emerging Economies Economic Theory & Philosophy Microeconomics Business & Management

List of figures and tables
Introduction
Sraffa's critique of the Marshallian theory of prices	p. 1
The great debates on the laws of returns and the value of capital: when will economists finally accept their own logic?	p. 21
Long-run changes in the wage and price mechanisms and the process of growth	p. 45
The General Theory: critical reflections suggested by some important problems of our time	p. 78
New aspects of the cyclical development of the economy	p. 101
The changing character of the so-called business cycle	p. 115
Oligopoly: static and dynamic analysis	p. 136
The theory of unemployment, too, is historically conditioned	p. 152
Technical progress, unemployment and economic dynamics	p. 202
'Capitalism, socialism and democracy' and large-scale firms	p. 221
Index	p. 231
Table of Contents provided by Blackwell. All Rights Reserved.

Economic Growth and Business Cycles : Prices and the Process of Cyclical Development

At a Glance

Hardcover

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How to return your order

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