Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations - Image 1

£41.49

Cambridge University Press Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations

Name: Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations
Brand: Cambridge University Press
Price: 37.99 GBP
Availability: InStock

Social Sciences

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Description

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.

Product Specifications

Brand: Cambridge University Press
Format: paperback
ASIN: 0521274109
Category: Books > Subjects > Politics, Philosophy & Social Sciences > Social Sciences
Domain: Amazon UK
Release Date: 13 April 2009
Listed Since: 24 November 2007

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Cambridge University Press Structural Change and Economic Growth: A Theoretical Essay on the Dynamics of the Wealth of Nations

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