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About this product
- DescriptionEver since Adam Smith, ecomists have been preoccupied with the puzzle of ecomic growth. The standard mainstream models of ecomic growth were and often still are based either on assumptions of diminishing returns on capital with techlogical invation or on endogeus dynamics combined with a corresponding techlogical and institutional setting. An alternative model of ecomic growth emerged from the Cambridge School of Keynesian ecomists 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 techlogy or demand-based structural change and extending the tion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from ecomists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.
- Author BiographyRichard Arena is Professor of Economics at the University of Nice-Sophia Antipolis, France, where he is Director of the Institute of Human and Social Sciences. He is also the managing editor of the Revue d'Economie Industrielle. Pier Luigi Porta is Professor of Economics at the University of Milano-Bicocca, Italy, and a visiting fellow of Wolfson College, Cambridge.
- PublisherCambridge University Press
- Date of Publication03/05/2012
- SubjectEconomics: Professional & General
- Place of PublicationCambridge
- Country of PublicationUnited Kingdom
- ImprintCambridge University Press
- Content Note8 b/w illus. 2 tables
- Weight590 g
- Width152 mm
- Height228 mm
- Spine19 mm
- Edited byPier Luigi Porta,Richard Arena
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