Structural Economic Dynamics

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Paperback | 2 November 2006

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208 Pages

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22.86 x 15.24 x 1.22

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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 knowledge 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

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Preface
Acknowledgements
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 r(le of institutions
Boundedness of economic systems, and international economic relations
References
Index
Table of Contents provided by Publisher. All Rights Reserved.

Structural Economic Dynamics

At a Glance

Paperback

Industry Reviews

Shipping

How to return your order

Defective items

You Can Find This Book In

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