Capitalist Development in the Twentieth Century: An Evolutionary-Keynesian Analysis

Capitalist Development in the Twentieth Century: An Evolutionary-Keynesian Analysis

by John Cornwall, Wendy Cornwall
     
 

Capitalism in the twentieth century has been marked by periods of persistent bad performance alternating with episodes of good performance. Cornwall and Cornwall draw upon Schumpterian, Institutional and Keynesian economics to investigate how far these swings can be explained as integral to capitalist development. The authors consider the macroeconomic record of the… See more details below

Overview

Capitalism in the twentieth century has been marked by periods of persistent bad performance alternating with episodes of good performance. Cornwall and Cornwall draw upon Schumpterian, Institutional and Keynesian economics to investigate how far these swings can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation.

Product Details

ISBN-13:
9780521341493
Publisher:
Cambridge University Press
Publication date:
08/01/2001
Series:
Modern Cambridge Economics Series
Pages:
302
Product dimensions:
5.98(w) x 8.98(h) x 0.67(d)
Lexile:
1530L (what's this?)

Table of Contents

List of figures
List of tables
Foreword
Preface
Pt. IFramework
1Economic development and economic performance7
2The stylized facts20
3The neoclassical analysis of unemployment37
4An extended Keynesian model54
5Institutions and power67
6Evolutionary and hysteretic processes94
7Theories of capitalist development112
Pt. IIExplaining the development record
8Understanding the Great Depression132
9Foundations of the golden age156
10The golden age186
11Unemployment215
Pt. IIIPolitical control of the economy
12Unemployment and the distribution of power244
13A neoliberal future?261
Bibliography270
Index282

Read More

Customer Reviews

Average Review:

Write a Review

and post it to your social network

     

Most Helpful Customer Reviews

See all customer reviews >