Hardback
Economic Growth and Distribution
On the Nature and Causes of the Wealth of Nations
9781845423209 Edward Elgar Publishing
Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian–Kaleckian–Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions.
More Information
Critical Acclaim
Contributors
Contents
More Information
Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian–Kaleckian–Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions.
For its emphasis on comparisons and complementariness among alternative theories of growth and distribution, Economic Growth and Distribution complements the work of advanced textbooks on the topic. It is a companion to Innovation, Unemployment and Policy in the Theories of Growth and Distribution (edited by N. Salvadori and R. Balducci) and Classical, Neoclassical and Keynesian Views on Growth and Distribution (edited by N. Salvadori and C. Panico).
The book will be appreciated by scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as well as historians of economic thought.
For its emphasis on comparisons and complementariness among alternative theories of growth and distribution, Economic Growth and Distribution complements the work of advanced textbooks on the topic. It is a companion to Innovation, Unemployment and Policy in the Theories of Growth and Distribution (edited by N. Salvadori and R. Balducci) and Classical, Neoclassical and Keynesian Views on Growth and Distribution (edited by N. Salvadori and C. Panico).
The book will be appreciated by scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as well as historians of economic thought.
Critical Acclaim
‘. . . this volume is a valuable contribution to economic growth theory and is well worth reading.’
– Stavros Mavroudeas, Review of Radical Political Economy
– Stavros Mavroudeas, Review of Radical Political Economy
Contributors
Contributors: M. Bagella, N.H. Barbosa-Filho, L. Becchetti, G. Berloffa, G. Bertocchi, A. Bhaduri, S. Caiazza, S. Cesaratto, M. Ciaschini, C.H. Dos Santos, O. De-Juan, D. Delli Gatti, D.K. Foley, M. Gallegati, O. Galor, C. García-Peñalosa, F. Hideki Ono, F. Meacci, J.L. Oreiro, C. Rada, A. Russo, N. Salvadori, M.L. Segnana, C. Socci, L. Taylor, S.J. Turnovsky, G. White, G. Zezza
Contents
Contents:
Introduction
Neri Salvadori
1. Inequality and the Process of Development
Oded Galor
2. The Role of Income Distribution in Long Run Endogenous Growth
Amit Bhaduri
3. The Competition-of-Capitals Doctrine and the Wage–Profit Relationship
Ferdinando Meacci
4. A Heterodox Growth and Distribution Model
Duncan K. Foley and Lance Taylor
5. Distribution and Growth in a Post-Keynesian Stock-Flow Consistent Model
Gennaro Zezza and Claudio H. Dos Santos
6. Technological Progress, Income Distribution and Capacity Utilization
Fabio Hideki Ono and José Luís Oreiro
7. Demand-Led Growth and the Classical Approach to Value and Distribution: Are They Compatible?
Graham White
8. Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy
Cecilia García-Peñalosa and Stephen J. Turnovsky
9. The Saving–Investment Nexus in the Debate on Pension Reforms
Sergio Cesaratto
10. Income Distribution and Output Change: A Macro Multiplier Approach
Maurizio Ciaschini and Claudio Socci
11. A Dynamic AGE Model from a Classical–Keynesian–Schumpeterian Approach
Oscar De-Juan
12. Heterodox Business Cycles
Lance Taylor, Nelson H. Barbosa-Filho and Codrina Rada
13. Technological Innovation, Financial Fragility and Complex Dynamics
Alberto Russo, Domenico Delli Gatti and Mauro Gallegati
14. Growth, History and Institutions
Graziella Bertocchi
15. Religious Culture, Institutions and Growth
Michele Bagella, Leonardo Becchetti and Stefano Caiazza
16. Trade, Poverty and Growth: Two Perspectives, One Message?
Gabriella Berloffa and Maria Luigia Segnana
Index
Introduction
Neri Salvadori
1. Inequality and the Process of Development
Oded Galor
2. The Role of Income Distribution in Long Run Endogenous Growth
Amit Bhaduri
3. The Competition-of-Capitals Doctrine and the Wage–Profit Relationship
Ferdinando Meacci
4. A Heterodox Growth and Distribution Model
Duncan K. Foley and Lance Taylor
5. Distribution and Growth in a Post-Keynesian Stock-Flow Consistent Model
Gennaro Zezza and Claudio H. Dos Santos
6. Technological Progress, Income Distribution and Capacity Utilization
Fabio Hideki Ono and José Luís Oreiro
7. Demand-Led Growth and the Classical Approach to Value and Distribution: Are They Compatible?
Graham White
8. Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy
Cecilia García-Peñalosa and Stephen J. Turnovsky
9. The Saving–Investment Nexus in the Debate on Pension Reforms
Sergio Cesaratto
10. Income Distribution and Output Change: A Macro Multiplier Approach
Maurizio Ciaschini and Claudio Socci
11. A Dynamic AGE Model from a Classical–Keynesian–Schumpeterian Approach
Oscar De-Juan
12. Heterodox Business Cycles
Lance Taylor, Nelson H. Barbosa-Filho and Codrina Rada
13. Technological Innovation, Financial Fragility and Complex Dynamics
Alberto Russo, Domenico Delli Gatti and Mauro Gallegati
14. Growth, History and Institutions
Graziella Bertocchi
15. Religious Culture, Institutions and Growth
Michele Bagella, Leonardo Becchetti and Stefano Caiazza
16. Trade, Poverty and Growth: Two Perspectives, One Message?
Gabriella Berloffa and Maria Luigia Segnana
Index