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Structural Economic Dynamics - Luigi L. Pasinetti

Structural Economic Dynamics

Hardcover Published: 26th February 1993
ISBN: 9780521432825
Number Of Pages: 208

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This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production, and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of information emerge as the decisive factors accounting for the success and failure of industrial societies.

Industry Reviews

"Pasinetti's careful and lucid analysis yields valuable insights into some of the most complex and seemingly intractable problems confronting industrialized nations in the 1990s." Christopher Brown, Journal of Economic Issues "...every reader will benefit, both at an elementary and at a more advanced level." Bertram Schefold, Journal of Economic Literature

List of symbols
Economic theory and the neglect of structural change
A pure labour production economy
Proportional dynamics
Structural dynamics
The evolving structure and level of prices
Consumption, savings, rate of interest and inter-temporal distribution of income
On the evolving structure of long-term development
From the 'actual' towards the 'natural' economic system - the rĂ´le of institutions
Boundedness of economic systems, and international economic relations
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521432825
ISBN-10: 0521432820
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 208
Published: 26th February 1993
Country of Publication: GB
Dimensions (cm): 23.72 x 16.1  x 2.31
Weight (kg): 0.49

Earn 441 Qantas Points
on this Book