Structural Change and Economic Growth

Language: English

Published by Cambridge University Press, GB, 1983

0521274109 / 9780521274104

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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.…

Seller Inventory # LU-9780521274104

Title
Structural Change and Economic Growth
Author
Luigi L. Pasinetti
Publisher
Cambridge University Press, GB
Publication year
1983
Condition
New
Binding
Paperback
Language
English
ISBN 10
0521274109
ISBN 13
9780521274104
Item weight
440 grams

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