Structural Economic Dynamics

Released on by Luigi Pasinetti
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  • Structural Economic Dynamics Book Detail

  • Author : Luigi Pasinetti
  • Release Date : 2006-11-02
  • Publisher : Cambridge University Press
  • Genre : Business & Economics
  • Pages : 212
  • ISBN 13 : 9780521029766
  • File Size : 40,40 MB
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Structural Economic Dynamics by Luigi Pasinetti PDF Summary

Book Description: This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

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