Structural Economic Dynamicsby Luigi Pasinetti
Pub. Date: 05/19/2003
Publisher: Cambridge University Press
In this theoretical investigation of the development through time of a pure labor economy, the author shifts the theory of long-term economic development away from the traditional framework based on capital accumulation to new foundations based on learning and technical progress. He gives a detailed analysis of the structural dynamics of prices and production, and the necessary mobility of employment. Institutional and social learning, know-how, and the diffusion of information emerge as the decisive factors accounting for the success and failure of industrial societies.
- Cambridge University Press
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Table of ContentsPreface; 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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