Pub. Date:
Cambridge University Press
Structural Economic Dynamics

Structural Economic Dynamics

by Luigi PasinettiLuigi Pasinetti
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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.

Product Details

ISBN-13: 9780521029766
Publisher: Cambridge University Press
Publication date: 11/02/2006
Edition description: First Edition
Pages: 208
Product dimensions: 5.98(w) x 8.98(h) x 0.55(d)

Table of Contents

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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