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Home > Business and Economics > Economics > Political economy > Beyond the Steady State: Revival of Growth Theory
Beyond the Steady State: Revival of Growth Theory

Beyond the Steady State: Revival of Growth Theory


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About the Book

In the past, the theory of economic growth has been chained to the rock of equilibrium. In this book the authors break free and present institutional transformation as a central feature of growth. New arenas for theory emerge. These are developed in sections covering demand-constrained growth; the nature and role of technical change; the modeling of cycles and catastrophes in a growing economy. Many of the contributions present formal models, but introduce them within an explanatory framework making it possible to read the book as an introduction to the philosophy of post-neoclassical economics as well as a presentation of new findings.

Table of Contents:
Part 1 An overview: the classical dynamics of surplus and accumulation, Vivian C.Walsh. Part 2 Demand-determined growth: some notes for an analysis of accumulation, Pierangelo Garegnani; accumulation, effective demand, and income distribution, Heinz D.Kurz; demand equilibrium, Edward J. Nell. Part 3 Technical change: transformational growth - mass production and the multiplier, Edward J. Nell; optimal choice of technique and biased technical change, David Laibman; classical competitive dynamics and technical change, Peter Flaschel and Willi Semmler. Part 4 Traverse: an introduction to the traverse in economic theory, Joseph Halevi and Peter Kreisler; traverse analysis in a post-classical model, Harald Hagemann; accumulation and structural disequilibrium, Joseph Halevi. Part 5 Growth cycles: a dynamic analysis of industrial capitalism, Richard M.Goodwin; dynamic behaviour in a two-sector classical model, Marc Jarsulic; cyclical growth and intersectoral dynamics, David Laibman; bifurcation in the theory of economic growth, Badal Mukherji.


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Product Details
  • ISBN-13: 9780333494769
  • Publisher: Palgrave Macmillan
  • Publisher Imprint: Palgrave Macmillan
  • Height: 222 mm
  • Weight: 600 gr
  • ISBN-10: 0333494768
  • Publisher Date: 06 Dec 1991
  • Binding: Hardback
  • Sub Title: Revival of Growth Theory
  • Width: 148 mm


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