Description
Book SynopsisComprising specially commissioned essays, this Handbook provides an expansive overview of alternative theories of economic growth. It surveys major sub-fields (including classical, Kaleckian, evolutionary, and Kaldorian growth theories) and highlights cutting-edge issues such as the relationship between finance and growth, the interplay of trend and cycle, and stability issues in growth theory.Included in the text are comprehensive interpretations of subjects such as: the relationship between aggregate supply and demand and long run growth, the interaction of growth and technical change, and international and regional dimensions of growth. Alternative theories of economic growth represent a vibrant and ongoing research effort to understand the macrodynamics of capitalist economies. As such, this Handbook provides a valuable springboard for further research that will continue the development of these theories, inspiring both existing researchers and those new to the field to build upon the body of work the volume represents.The thought-provoking insights offered by the book?s thorough analysis will provide economists, graduate students, and advanced undergraduate students with a valuable reference.
Table of ContentsContents: An Introduction to Alternative Theories of Economic Growth Mark Setterfield PART I: ALTERNATIVE THEORIES OF ECONOMIC GROWTH: AN OVERVIEW 1. The Structuralist Growth Model Bill Gibson 2. The Classical Theory of Growth and Distribution Duncan K. Foley and Thomas R. Michl 3. Evolutionary Growth Theory J. Stan Metcalfe and John Foster 4. The Post-Keynesian Theories of Growth and Distribution: A Survey Heinz D. Kurz and Neri Salvadori 5. Growth, Instability and Cycles: Harrodian and Kaleckian Models of Accumulation and Income Distribution Peter Skott 6. Surveying Short-run and Long-run Stability Issues with the Kaleckian Model of Growth Marc Lavoie 7. Kaldor and the Kaldorians John E. King 8. The Paths of Transformational Growth Davide Gualerzi PART II: AGGREGATE DEMAND, AGGREGATE SUPPLY AND LONG-RUN GROWTH 9. On Accounting Identities, Simulation Experiments and Aggregate Production Functions: A Cautionary Tale for (Neoclassical) Growth Theorists Jesus Felipe and John McCombie 10. The Endogenous Nature of the ‘Natural’ Rate of Growth Miguel A. León-Ledesma and Matteo Lanzafame 11. Reconciling the Growth of Aggregate Demand and Aggregate Supply Amitava Krishna Dutt PART III: ECONOMIC GROWTH AND TECHNICAL CHANGE 12. The Classical-Marxian Evolutionary Model of Technical Change: Application to Historical Tendencies Gérard Duménil and Dominique Lévy PART IV: MONEY, FINANCE AND GROWTH 13. ‘Financialisation’ in Post-Keynesian Models of Distribution and Growth: A Systematic Review Eckhard Hein and Till van Treeck 14. Inside Debt and Economic Growth: A Neo-Kaleckian Analysis Thomas I. Palley PART V: GROWTH AND DISTRIBUTION 15. Feasible Egalitarianism: Demand-led Growth, Labour and Technology C.W.M. Naastepad and Servaas Storm 16. Dissent-Driven Capitalism, Flexicurity Growth and Environmental Rehabilitation Peter Flaschel and Alfred Greiner 17. Profit Sharing, Capacity Utilization and Growth in a Post-Keynesian Macromodel Gilberto Tadeu Lima 18. Gender Equality and the Sustainability of Steady State Growth Paths Stephanie Seguino and Mark Setterfield PART VI: INTERNATIONAL AND REGIONAL DIMENSIONS OF GROWTH 19. Export-led Growth, Real Exchange Rates and the Fallacy of Composition Robert A. Blecker and Arslan Razmi 20. Trade and Economic Growth: A Latin American Perspective on Rhetoric and Reality Juan Carlos Moreno Brid and Esteban Pérez Caldentey 21. Endogenous Regional Growth: A Critical Survey Mark Roberts and Mark Setterfield Index
