Transformational Growth and Effective Demand

Transformational Growth and Effective Demand

Author: Edward J. Nell

Publisher: Springer

Published: 1991-12-01

Total Pages: 698

ISBN-13: 1349217794

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A collection of essays which develop Professor Nell's economic theory of transformational growth. The author's previous titles include "Free Market Conservatism: A Critique of Theory and Practice" and "Beyond the Steady State: A Revival of Growth Theory".


Growth, Distribution and Effective Demand: Alternatives to Economic Orthodoxy

Growth, Distribution and Effective Demand: Alternatives to Economic Orthodoxy

Author: George Argyrous

Publisher: Routledge

Published: 2019-06-21

Total Pages: 374

ISBN-13: 1317469348

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.


Growth, Distribution and Effective Demand

Growth, Distribution and Effective Demand

Author: George Argyrous

Publisher: Routledge

Published: 2019-06-21

Total Pages: 383

ISBN-13: 131746933X

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Growth, Distribution, and Effective Demand presents original essays on a variety of topics in theoretical and applied economics. The book honors the work of Edward J. Nell and develops interconnected themes that run through the modern Post-Keynesian tradition. The first part deals with the fundamental idea that economic growth is demand-driven, with special attention to policy ramifications. The second theme concerns the connection between economic growth and the structural characteristics of a market economy. These issues are closely linked to a critical tradition that calls into question key elements in orthodox economics. The final part of the book aims to buttress non-orthodox approaches to growth and distribution by critiquing particular aspects of the conventional theory, by elaborating neglected themes in non-orthodox theory, or by exploring some overlooked methodological ideas.


Transformational Growth and the Business Cycle

Transformational Growth and the Business Cycle

Author: Edward Nell

Publisher: Routledge

Published: 2005-09-27

Total Pages: 388

ISBN-13: 1134752326

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This book examines the concept of Transformational Growth from a number of different historical and geographical perspectives. Transformational Growth sees the economy as an evolving system in which the market selects and finances innovations, changing the character of costs and affecting the pattern of market adjustment. This creates the possibility that markets will work differently in particular historical periods. This book explores market adjustments in two distinct historical periods, 1870-1914 and 1945-the present. The book focuses on six countries: USA, United Kingdom, Canada, Germany, Japan and Argentina. In all cases the earlier period, dominated by craft-based technologies, proves to be the one in which markets adjust through a weakly stabilising price mechanism. By contrast, in the later period, in all cases, with the exception of Argentina, there is no evidence of such a price mechanism, but in its place can be seen a multiplier-accelerator process which, arguably, reflects a change of technology to mass-production.


Production, Distribution and Trade

Production, Distribution and Trade

Author: Adriano Birolo

Publisher: Routledge

Published: 2010-06-30

Total Pages: 401

ISBN-13: 1136948473

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Production, Distribution and Trade brings together leading voices in classical and post-Keynesian economics to discuss key issues such as growth, globalization and financial markets in the history of economic thought.


The Coming of Age of Information Technologies and the Path of Transformational Growth.

The Coming of Age of Information Technologies and the Path of Transformational Growth.

Author: Davide Gualerzi

Publisher: Routledge

Published: 2009-10-16

Total Pages: 193

ISBN-13: 1135254893

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In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector. The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.


Keynes and Modern Economics

Keynes and Modern Economics

Author: Ryuzo Kuroki

Publisher: Routledge

Published: 2012-08-21

Total Pages: 290

ISBN-13: 1136338853

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It is a little over seventy years since John Maynard Keynes produced his magnum opus, The General Theory of Employment, Interest, and Money. Keynes' staggering achievement has been to remain relevant to economics and other disciplines even today and this book reflects that with an examination on his influence on modern economics. Leading economists from a variety of backgrounds, including Ed Nell and Heinz Kurz have joined forces in this volume with internationally respected Japanese scholars to produce a strong collection of contributions to the debate on Keynes' monumental legacy. This book will be vital reading for historians of economic thought, economic methodologists as well as those economists with an interest in the overall development of their discipline.


The Economics of Demand-led Growth

The Economics of Demand-led Growth

Author: Mark Setterfield

Publisher: Edward Elgar Publishing

Published: 2002

Total Pages: 328

ISBN-13:

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Economists from Europe, North America, and Australia challenge the notions that demand has only a transitory impact on the utilization of resources; and that the development of resources, and hence of potential output, over time is independent of demand. They argue instead that the role of demand in influencing the utilization of productive resources is chronic, and that there is no supply- determined equilibrium acting as a center of gravity toward which the level of economic activity is inevitably and inexorably drawn. The natural rate of growth, they conclude, is ultimately endogenous to the demand-determined actual rate of growth. Annotation copyrighted by Book News, Inc., Portland, OR


Markets, Unemployment and Economic Policy

Markets, Unemployment and Economic Policy

Author: Philip Arestis

Publisher: Routledge

Published: 2005-10-19

Total Pages: 604

ISBN-13: 1134784244

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In this volume more than 40 leading economists pay tribute to, and critically evaluate, Geoff Harcourt's work. Contributors include Tony Atkinson, Tony Lawson, Edward Nell and Ian Steedman.


The Real World of the New Economy

The Real World of the New Economy

Author: Steve Waller

Publisher: iUniverse

Published: 2001

Total Pages: 378

ISBN-13: 0595204406

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Economist and author, Steven Waller, provides readers with economic information outside the conventional school of thought based on relatively unknown economic theories. He states that the so-called New Economy is redundant except in static traditional economic thinking. The economy is always new, always changing, and on a path determined by our society and culture. The Heterodox Triad of Understanding provides readers with a basic method to view the economy.