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Structural Economic Dynamics
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  • 2 tables
  • Page extent: 208 pages
  • Size: 234 x 157 mm
  • Weight: 0.48 kg

Library of Congress

  • Dewey number: 338/.064
  • Dewey version: 20
  • LC Classification: HC79.T4 P37 1993
  • LC Subject headings:
    • Technological innovations--Economic aspects
    • Diffusion of innovations
    • Production (Economic theory)
    • Economic development
    • Labor productivity

Library of Congress Record

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 (ISBN-13: 9780521432825 | ISBN-10: 0521432820)

DOI: 10.2277/0521432820

Manufactured on demand: supplied direct from the printer

 (Stock level updated: 02:21 GMT, 10 October 2015)


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.

• Pasinetti is a leading figure in the unorthodox post-Keynesian school of economics; two previous books have totalled around 10,000 sales • This book is a refinement and development of the theory outlined in Structural Change and Economic Growth, 1981 • Will be a controversial book, attacked by the mainstream, but sales could follow from this


Preface; Acknowledgements; List of symbols; 1. Economic theory and the neglect of structural change; 2. A pure labour production economy; 3. Proportional dynamics; 4. Structural dynamics; 5. The evolving structure and level of prices; 6. Consumption, savings, rate of interest and inter-temporal distribution of income; 7. On the evolving structure of long-term development; 8. From the 'actual' towards the 'natural' economic system - the rôle of institutions; 9. Boundedness of economic systems, and international economic relations; References; Index.

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