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  3. Structural Economic Dynamics
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    • Publisher:
      Cambridge University Press
      Publication date:
      17 September 2009
      26 February 1993
      ISBN:
      9780511551444
      9780521432825
      9780521029766
      DOI:
      https://doi.org/10.1017/CBO9780511551444
      Dimensions:
      (234 x 157 mm)
      Weight & Pages:
      0.48kg, 208 Pages
      Dimensions:
      (228 x 152 mm)
      Weight & Pages:
      0.321kg, 208 Pages
      • Subjects:
      Economics, Economic Thought, Philosophy and Methodology, Economic Development and Growth
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    Subjects:
    Economics, Economic Thought, Philosophy and Methodology, Economic Development and Growth
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    Book description

    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.

    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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    Contents

    Contents
    • Frontmatter
      pp i-vi
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    • Contents
      pp vii-xii
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    • Preface
      pp xiii-xvi
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    • Acknowledgements
      pp xvii-xviii
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    • List of symbols
      pp xix-xx
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    • I - Economic theory and the neglect of structural change
      pp 1-14
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    • II - A pure labour production economy
      pp 15-26
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    • III - Proportional dynamics
      pp 27-35
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    • IV - Structural dynamics
      pp 36-59
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    • V - The evolving structure and level of prices
      pp 60-81
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    • VI - Consumption, savings, rate of interest and inter-temporal distribution of income
      pp 82-104
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    • VII - On the evolving structure of long-term development
      pp 105-116
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    • VIII - From the ‘actual’ towards the ‘natural’ economic system – the rôle of institutions
      pp 117-147
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    • IX - Boundedness of economic systems, and international economic relations
      pp 148-176
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    • References
      pp 177-181
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    • Index
      pp 182-186
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