Mainstream Growth Economists And Capital Theorists

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Mainstream Growth Economists and Capital Theorists

Author : Marin Muzhani
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0773592113
Total Pages : 569 pages
Book Rating : 4.7/5 (735 download)

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Book Synopsis Mainstream Growth Economists and Capital Theorists by : Marin Muzhani

Download or read book Mainstream Growth Economists and Capital Theorists written by Marin Muzhani and published by McGill-Queen's Press - MQUP. This book was released on 2014-06-01 with total page 569 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mainstream Growth Economists and Capital Theorists provides a historical survey and ideal introduction to modern economics, arguing that due to significant changes in recent years, a re-evaluation is in order. Marin Muzhani presents an informed study of the debates regarding economic growth and development that began in the 1930s in response to the Great Depression. He argues that in the wake of that crisis, the challenge for economists was to understand how to generate stable economic growth in order to prevent future crises. The theories of John Maynard Keynes, in particular, sought to explain the reasons for unemployment and recessions, paving the way for the field of macroeconomics and challenging the basic premises of neoclassical economics. In the late 1930s and 1940s, economists began to extend Keynes' ideas, synthesizing them with neoclassical ideas in order to explain economic growth. This "neoclassical synthesis" would dominate mainstream macroeconomic thought for the next forty years until the mid-1980s with the introduction of endogenous growth theories. Taking into account the historical background, the multitude of interpretations of modern growth models, and the geography of mainstream economists, Mainstream Growth Economists and Capital Theorists will simplify the structure of growth theory for the next generation of economists.

Controversies in Modern Economic Growth and Capital Theory

Author : Marin Muzhani
Publisher :
ISBN 13 : 9781604977080
Total Pages : pages
Book Rating : 4.9/5 (77 download)

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Book Synopsis Controversies in Modern Economic Growth and Capital Theory by : Marin Muzhani

Download or read book Controversies in Modern Economic Growth and Capital Theory written by Marin Muzhani and published by . This book was released on 2010-05-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Development Theory and the Economics of Growth

Author : Jaime Ros
Publisher : University of Michigan Press
ISBN 13 : 9780472088478
Total Pages : 452 pages
Book Rating : 4.0/5 (884 download)

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Book Synopsis Development Theory and the Economics of Growth by : Jaime Ros

Download or read book Development Theory and the Economics of Growth written by Jaime Ros and published by University of Michigan Press. This book was released on 2001 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge at similar levels of per capita income? Or is catching up simply impossible? These questions have vast implications for human welfare. After a period of lack of interest in growth theory, they are back on the research agenda of mainstream economics. They have also been at the heart of development economics since its inception some decades ago. This book endeavors to answer such questions by blending classical contributions to development theory with recent developments in the economics of growth. The unifying theme is that early theoretical insights and accumulated empirical knowledge of development economics have much to offer to research in the theory and empirics of economic growth. With the help of a number of recent contributions, the ideas and insights of the classical literature in development economics can be given simple and rigorous formulations. Together, they amount to an approach to growth theory that can overcome the long-recognized empirical shortcomings of neoclassical growth economics, while being free from the objections that can be raised against the new brand of endogenous growth theory. In addition to an original thesis on the contribution that early development theory can make to the research program of modern growth economics, the book provides professional and research economists and graduate students with an evaluation of the strengths and limitations of the different strands of inquiry in the modern economics of growth. In addition it presents findings on comparative growth performance across countries. Jaime Ros is Professor of Economics and Faculty Fellow of the Helen Kellogg Institute of International Studies, University of Notre Dame.

Prosperity without Growth

Author : Tim Jackson
Publisher : Taylor & Francis
ISBN 13 : 1317388224
Total Pages : 310 pages
Book Rating : 4.3/5 (173 download)

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Book Synopsis Prosperity without Growth by : Tim Jackson

Download or read book Prosperity without Growth written by Tim Jackson and published by Taylor & Francis. This book was released on 2016-12-08 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: What can prosperity possibly mean in a world of environmental and social limits? The publication of Prosperity without Growth was a landmark in the sustainability debate. Tim Jackson’s piercing challenge to conventional economics openly questioned the most highly prized goal of politicians and economists alike: the continued pursuit of exponential economic growth. Its findings provoked controversy, inspired debate and led to a new wave of research building on its arguments and conclusions. This substantially revised and re-written edition updates those arguments and considerably expands upon them. Jackson demonstrates that building a ‘post-growth’ economy is a precise, definable and meaningful task. Starting from clear first principles, he sets out the dimensions of that task: the nature of enterprise; the quality of our working lives; the structure of investment; and the role of the money supply. He shows how the economy of tomorrow may be transformed in ways that protect employment, facilitate social investment, reduce inequality and deliver both ecological and financial stability. Seven years after it was first published, Prosperity without Growth is no longer a radical narrative whispered by a marginal fringe, but an essential vision of social progress in a post-crisis world. Fulfilling that vision is simply the most urgent task of our times.

Seven Bad Ideas

Author : Jeff Madrick
Publisher : Vintage
ISBN 13 : 0307961192
Total Pages : 272 pages
Book Rating : 4.3/5 (79 download)

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Book Synopsis Seven Bad Ideas by : Jeff Madrick

Download or read book Seven Bad Ideas written by Jeff Madrick and published by Vintage. This book was released on 2014-09-30 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: A bold indictment of some of our most accepted mainstream economic theories—why they’re wrong, and how they’ve been harming America and the world. Budget deficits are bad. A strong dollar is good. Controlling inflation is paramount. Pay reflects greater worker skills. A deregulated free market is fair and effective. Theories like these have become mantras among American economists both liberal and conservative over recent decades. Validated originally by patron saints like Milton Friedman, they’ve assumed the status of self-evident truths across much of the mainstream. Jeff Madrick, former columnist for The New York Times and Harper’s, argues compellingly that a reconsideration is long overdue. Since the financial turmoil of the 1970s made stagnating wages and relatively high unemployment the norm, Madrick argues, many leading economists have retrenched to the classical (and outdated) bulwarks of theory, drawing their ideas more from purist principles than from the real-world behavior of governments and markets—while, ironically, deeply affecting those governments and markets by their counsel. Madrick atomizes seven of the greatest false idols of modern economic theory, illustrating how these ideas have been damaging markets, infrastructure, and individual livelihoods for years, causing hundreds of billions of dollars of wasted investment, financial crisis after financial crisis, poor and unequal public education, primitive public transportation, gross inequality of income and wealth and stagnating wages, and uncontrolled military spending. Using the Great Recession as his foremost case study, Madrick shows how the decisions America should have made before, during, and after the financial crisis were suppressed by wrongheaded but popular theory, and how the consequences are still disadvantaging working America and undermining the foundations of global commerce. Madrick spares no sinners as he reveals how the “Friedman doctrine” has undermined the meaning of citizenship and community, how the “Great Moderation” became a great jobs emergency, and how economists were so concerned with getting the incentives right for Wall Street that they got financial regulation all wrong. He in turn examines the too-often-marginalized good ideas of modern economics and convincingly argues just how beneficial they could be—if they can gain traction among policy makers. Trenchant, sweeping, and empirical, Seven Bad Ideas resoundingly disrupts the status quo of modern economic theory.

Rethinking Economic Development, Growth, and Institutions

Author : Jaime Ros
Publisher : OUP Oxford
ISBN 13 : 0191507695
Total Pages : 480 pages
Book Rating : 4.1/5 (915 download)

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Book Synopsis Rethinking Economic Development, Growth, and Institutions by : Jaime Ros

Download or read book Rethinking Economic Development, Growth, and Institutions written by Jaime Ros and published by OUP Oxford. This book was released on 2013-10-03 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge to similar levels of per capita income? Or is catching up simply impossible? If modern technology has shown the potential to raise living standards to first-world levels, why is it that the vast majority of the world's population lives in poverty in underdeveloped countries? These questions have been at the heart of development economics since its inception several decades ago and are now at the center of the research agenda of the modern economics of growth. This book reviews the answers to these questions in the contemporary fields of growth theory and comparative development. It is a sequel to Development Theory and the Economics of Growth published in 2000 with the aim to vindicate the theoretical insights and accumulated empirical knowledge of classical development economics and to integrate them into the mainstream of modern growth economics. The growth and development fields have expanded in the last twelve years in welcome directions that aim to deepen our understanding of the fundamental determinants of comparative development. This new book evaluates these new directions, including developments in endogenous growth theory and economic geography as well as the rise and challenge of the new institutional economics, in the light of the earlier, classical contributions to development theory.

Organizations, Individualism and Economic Theory

Author : Maria Brouwer
Publisher : Routledge
ISBN 13 : 1136253130
Total Pages : 288 pages
Book Rating : 4.1/5 (362 download)

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Book Synopsis Organizations, Individualism and Economic Theory by : Maria Brouwer

Download or read book Organizations, Individualism and Economic Theory written by Maria Brouwer and published by Routledge. This book was released on 2012-08-21 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most economic theory is based on the assumption that economies grow in a linear fashion. Recessions, depressions and (financial) crises are explained by policy mistakes. However, economic development has historically been uneven, and this state of affairs continues today. This book argues that twentieth century economic theory has marginalized individualism and organizational variety, and puts forward the case for a pluralist approach. This book represents a unique synthesis of business theory and economic theory, which pinpoints the problems with many current mainstream theories and sets out new agendas for research. Here, Maria Brouwer argues that market competition is not about adapting to changes from outside, but is driven by human motivation and goal directed behavior. This gives managerial skills, which do not traditionally have a significant place in mainstream economic theory, a key role. It also highlights the need for organizations that have a motivational culture and appreciate human capital. This differs from the traditional view of the firm as a production function dictated by technology. Brower argues that organizations should be depicted as voluntary associations of people that pursue goals of their own, while firms compete on markets, where relative performance determines their fate. This argument builds on older theories of innovation and market competition that live on in business school curricula, and paints a picture of an economy directed by individuals and firms. This signals a bold departure from standard economic thinking.

New Economics as Mainstream Economics

Author : Malcolm Sawyer
Publisher : Springer
ISBN 13 : 023030768X
Total Pages : 239 pages
Book Rating : 4.2/5 (33 download)

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Book Synopsis New Economics as Mainstream Economics by : Malcolm Sawyer

Download or read book New Economics as Mainstream Economics written by Malcolm Sawyer and published by Springer. This book was released on 2011-05-27 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume deals with both a new theoretical framework and the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics emerging in the aftermath of the financial crisis and the 'great recession'.

Economic Growth Theory

Author : Wei-Bin Zhang
Publisher : Routledge
ISBN 13 : 1351159429
Total Pages : 394 pages
Book Rating : 4.3/5 (511 download)

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Book Synopsis Economic Growth Theory by : Wei-Bin Zhang

Download or read book Economic Growth Theory written by Wei-Bin Zhang and published by Routledge. This book was released on 2018-01-18 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a new theoretical framework to examine the issues of economic growth and development. Providing analysis of economic dynamics in a competitive economy under government intervention in infrastructure and income distribution, the book develops a unique analytical framework under the influence of traditional neoclassical growth theory. However, in a departure from neoclassical growth theory it examines both the Solow-Swan and the Ramsey growth models, introducing a utility function which treats consumer choices in ways critically different to previous approaches. Using practical examples and models the book demonstrates how this new direction can effectively analyze the key issues of economic growth, in a compact and comprehensive manner.

Reconstructing Political Economy

Author : William K. Tabb
Publisher : Psychology Press
ISBN 13 : 9780415207621
Total Pages : 314 pages
Book Rating : 4.2/5 (76 download)

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Book Synopsis Reconstructing Political Economy by : William K. Tabb

Download or read book Reconstructing Political Economy written by William K. Tabb and published by Psychology Press. This book was released on 1999 with total page 314 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book goes beyond the orthodoxies of economics and offers fresh insights into issues such as theories of growth, the historic relations between state and market and the significance of globalization for modern society.

Social Capital Versus Social Theory

Author : Ben Fine
Publisher : Routledge
ISBN 13 : 1134578318
Total Pages : 302 pages
Book Rating : 4.1/5 (345 download)

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Book Synopsis Social Capital Versus Social Theory by : Ben Fine

Download or read book Social Capital Versus Social Theory written by Ben Fine and published by Routledge. This book was released on 2002-05-03 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume traces the origins of social capital through the work of Becker, Bourdieu and Coleman, and comprehensively reviews the literature across the social sciences.

Economic Growth

Author : Benigno Valdés
Publisher : Edward Elgar Publishing
ISBN 13 : 9781782541325
Total Pages : 228 pages
Book Rating : 4.5/5 (413 download)

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Book Synopsis Economic Growth by : Benigno Valdés

Download or read book Economic Growth written by Benigno Valdés and published by Edward Elgar Publishing. This book was released on 1999-01-27 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Growth is an advanced undergraduate text written specifically for one semester courses in growth theory and for first year graduate students to refresh their knowledge. It will also be of great use for scholars and professional economists as the text contains many references to practical policy issues. The author condenses the fundamental issues of growth theory and covers the new ideas in a highly entertaining text, written in a clear and accessible style.

Nicholas Kaldor and Mainstream Economics

Author : Edward J. Nell
Publisher : Springer
ISBN 13 : 1349109479
Total Pages : 622 pages
Book Rating : 4.3/5 (491 download)

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Book Synopsis Nicholas Kaldor and Mainstream Economics by : Edward J. Nell

Download or read book Nicholas Kaldor and Mainstream Economics written by Edward J. Nell and published by Springer. This book was released on 1991-06-18 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt: An examination of the role of Nicholas Kaldor within economics. Topics covered range from Kaldor's discovery of the Von Neumann input-output model, to cyclical growth in a Kaldorian model, to Nicholas Kaldor as advocate of commodity reserve currency.

Handbook of Regional Growth and Development Theories

Author : Roberta Capello
Publisher : Edward Elgar Publishing
ISBN 13 : 1848445989
Total Pages : 543 pages
Book Rating : 4.8/5 (484 download)

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Book Synopsis Handbook of Regional Growth and Development Theories by : Roberta Capello

Download or read book Handbook of Regional Growth and Development Theories written by Roberta Capello and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Handbook is essential reading for anyone with an interest in the explanation of economic growth in the space economy. . . The editors and the individual contributors are to be congratulated on producing such an important collection of review essays which is destined to become one of the definitive reference books on the subject. John McCombie, Scienze Regionali . . . offers a valuable up-to-date overview of many aspects of these important theoretical developments. Peter Wood, Environment & Planning B The book contains a wealth of leading-edge material on regional growth and development issues and provides a good historical review of the dominant mainstream theories. This Handbook will be a valuable asset to any graduate student, researcher, regional planner, or policymaker interested in regional economic issues. Laura Lamb, Review of Regional Studies Regional economics an established discipline for several decades has gone through a rapid pace of change in the past decade and several new perspectives have emerged. At the same time the methodology has shown surprising development. This volume brings together contributions looking at new pathways in regional economics, written by many well-known international scholars. The most advanced theories, measurement methods and policy issues in regional growth are given in-depth treatment. The focus here is to collect cutting-edge theories explaining regional growth and local development. The authors highlight the recent advances in theories, the normative potentialities of these theories and the cross-fertilization of ideas among regional economists and mainstream economists. Theories of regional growth and development need to be able to interpret, more than ever, the way in which regions achieve a role in the international division of labour and, more importantly, the way in which regions can maintain this role over time. Topics covered include: regional growth and development policies and measurement methods; development theories of innovation, knowledge and space, and regional production factors; and growth theories and space. This book will be a source of reference and information for both scholars and students in the area of regional economics.

Growth Theory and Sustainable Development

Author : Lucas Bretschger
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 272 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Growth Theory and Sustainable Development by : Lucas Bretschger

Download or read book Growth Theory and Sustainable Development written by Lucas Bretschger and published by Edward Elgar Publishing. This book was released on 1999 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook shows that endogenous growth theory provides a powerful framework for the analysis of sustainable development. It illustrates how the new theory can be used to bring diverse social, institutional and environmental factors back into mainstream economics.

Structural Dynamics and Economic Growth

Author : Richard Arena
Publisher :
ISBN 13 : 9781139336925
Total Pages : 310 pages
Book Rating : 4.3/5 (369 download)

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Book Synopsis Structural Dynamics and Economic Growth by : Richard Arena

Download or read book Structural Dynamics and Economic Growth written by Richard Arena and published by . This book was released on 2014-05-14 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The mainstream neo-classical models of growth that have largely dominated modern growth theory are based around assumptions of diminishing returns on extra capital with technological innovation and appropriate institutions being seen as key to economic growth. An alternative model of economic growth emerged from the Cambridge school of Keynesian economists in the 1950s and 1960s. This model emphasizes the importance of demand and the dynamics of the growth of industrial systems. The scholar most associated with this approach to economic growth is Luigi Pasinetti whose book Structural Change and Economic Growth (Cambridge University Press, 1981) has been hugely influential to a generation of post-Keynesian economists. This collection evaluates the achievements of Pasinetti's structural dynamics, with contributions from both post-Keynesian economists, including Pasinetti, and from some distinguished and critical neo-classical economists, including Nobel laureate Robert Solow.

Economic Growth and Distribution

Author : Neri Salvadori
Publisher : Edward Elgar Publishing
ISBN 13 :
Total Pages : 452 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Economic Growth and Distribution by : Neri Salvadori

Download or read book Economic Growth and Distribution written by Neri Salvadori and published by Edward Elgar Publishing. This book was released on 2006 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions. For its emphasis on comparisons and complementariness among alternative theories of growth and distribution, Economic Growth and Distribution complements the work of advanced textbooks on the topic. It is a companion to Innovation, Unemployment and Policy in the Theories of Growth and Distribution (edited by N. Salvadori and R. Balducci) and Classical, Neoclassical and Keynesian Views on Growth and Distribution (edited by N. Salvadori and C. Panico). The book will be appreciated by scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as well as historians of economic thought.