Download PDF Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, by Luigi L. Pasinetti
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Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, by Luigi L. Pasinetti
Download PDF Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations, by Luigi L. Pasinetti
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First published in 1981 this book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system with a growing population and different rates of technical progress in different sectors. The conditions for full employment and full capacity utilisation are examined when prices are stable and when there is inflation. This approach is carried out, not in terms of input-output relations, as has become customary in multisector models, but rather in terms of vertically integrated sectors. This makes it possible to analyse the economic growth process in terms of the structural dynamics of production, of prices and of employment. Remarkable implications are drawn for a surprisingly large number of theoretical problems, which have been under discussion since Adam Smith: from price theory to the theory of rates of profit and the rates of interest; from production theory to the theories of fluctuating growth, ever-changing composition of output, choice of technique and international trade.
- Sales Rank: #4936480 in Books
- Published on: 1981-05-29
- Ingredients: Example Ingredients
- Original language: English
- Number of items: 1
- Dimensions: 8.98" h x 5.98" w x .0" l, .1 pounds
- Binding: Hardcover
- 336 pages
Review
Review of the hardback: '... presents an important and powerful vision ... an impressive and thought provoking book.' The Manchester School
Review of the hardback: '... this book ... must be considered the most important contribution to this area since Joan Robinson's challenge to the profession in the 1956 publications, The Accumulation of Capital.' De Economist
'This is the culmination of Professor Pasinetti's work on growth and income distribution, to which he has already made such notable contributions. ... The book is written with the analytical clarity and penetration which Pasinetti's readers have come to expect.' The Economic Journal
Most helpful customer reviews
0 of 0 people found the following review helpful.
Must read for every economist
By Agustin J Diodati
A brilliant presentation of a complete theory challenging the mainstream macroeconomic school. A necessary addition to any serious macroeconomics library.
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