Description
Book SynopsisEconomic 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.
Trade Review'. . . this volume is a valuable contribution to economic growth theory and is well worth reading.' -- Stavros Mavroudeas, Review of Radical Political Economy
Table of ContentsContents: Introduction Neri Salvadori 1. Inequality and the Process of Development Oded Galor 2. The Role of Income Distribution in Long Run Endogenous Growth Amit Bhaduri 3. The Competition-of-Capitals Doctrine and the Wage–Profit Relationship Ferdinando Meacci 4. A Heterodox Growth and Distribution Model Duncan K. Foley and Lance Taylor 5. Distribution and Growth in a Post-Keynesian Stock-Flow Consistent Model Gennaro Zezza and Claudio H. Dos Santos 6. Technological Progress, Income Distribution and Capacity Utilization Fabio Hideki Ono and José Luís Oreiro 7. Demand-Led Growth and the Classical Approach to Value and Distribution: Are They Compatible? Graham White 8. Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy Cecilia García-Peñalosa and Stephen J. Turnovsky 9. The Saving–Investment Nexus in the Debate on Pension Reforms Sergio Cesaratto 10. Income Distribution and Output Change: A Macro Multiplier Approach Maurizio Ciaschini and Claudio Socci 11. A Dynamic AGE Model from a Classical–Keynesian–Schumpeterian Approach Oscar De-Juan 12. Heterodox Business Cycles Lance Taylor, Nelson H. Barbosa-Filho and Codrina Rada 13. Technological Innovation, Financial Fragility and Complex Dynamics Alberto Russo, Domenico Delli Gatti and Mauro Gallegati 14. Growth, History and Institutions Graziella Bertocchi 15. Religious Culture, Institutions and Growth Michele Bagella, Leonardo Becchetti and Stefano Caiazza 16. Trade, Poverty and Growth: Two Perspectives, One Message? Gabriella Berloffa and Maria Luigia Segnana Index
