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A Neo Classical Theory Of Economic Growth Routledge Revivals

Author : James E. Meade
ISBN : 9781136258947
Genre : Business & Economics
File Size : 68. 87 MB
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First published in 1960, this seminal work illuminates the interrelations of the various approaches to the theory of economic growth. Professor Meade seeks to understand the factors which determine the speed of economic growth and outlines the ways in which classical economic analysis may be developed for application to the problem of economic growth.

A Neo Classical Theory Of Economic Growth

Author : James Edward Meade
ISBN : UCAL:B4358416
Genre : Economic development
File Size : 36. 63 MB
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A Neo Classical Theory Of Economic Growth

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ISBN : OCLC:916804467
Genre :
File Size : 29. 96 MB
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A Neo Classical Theory Of Economic Growth

Author : J. E. Meade
ISBN : OCLC:474056458
Genre :
File Size : 45. 66 MB
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Testing The Neoclassical Theory Of Economic Growth

Author : Delano Villanueva
ISBN : 9781451947052
Genre : Business & Economics
File Size : 57. 65 MB
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Several recent empirical studies have examined determinants of economic growth using country average (cross-section) data. In contrast, this paper employs a technique for using a panel of both cross-section and time-series data for 98 industrial and developing countries over 1960-85 to determine the quantitative importance for economic growth of both country-specific and time-varying factors such as human capital, public investment, and outward-oriented trade policies. The empirical results provide support for the view that these factors exert a positive and significant influence on economic growth. They also provide estimates of the speed at which the gap in real per capita income between rich and poor countries is likely to be reduced over the longer term.

A Neo Classical Theory Of Economic Growth

Author : J. E. Meade
ISBN : 0313239657
Genre : Business & Economics
File Size : 53. 6 MB
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This work is designed to show the way in which the simplest form of classical economic system would behave during a process of equilibrium growth. An extremely simple classical model of an economic system is examined in such a way as to observe the process of change in the variables over time.

A Neo Classical Theory Of Economic Growth

Author : James Edward Meade
ISBN : UIUC:30112081730050
Genre : Economic development
File Size : 23. 82 MB
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A Neo Classical Theory Of Economic Growth Revised New Edition

Author : James Edward Meade
ISBN : OCLC:561787066
Genre :
File Size : 63. 21 MB
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The Neo Classical Theory Of Economic Growth Revised New Edition

Author : James Edward Meade
ISBN : OCLC:752751534
Genre :
File Size : 68. 36 MB
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A Neo Classical Theory Of Economic Growth

Author : Samuel Abraham Goldblith
ISBN : OCLC:959791595
Genre :
File Size : 88. 11 MB
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The Theory Of Economic Growth

Author : Neri Salvadori
ISBN : STANFORD:36105026597562
Genre : Business & Economics
File Size : 46. 69 MB
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This is a collection of work on the theory of economic growth, from a classical perspective.

Neoclassical Vs Evolutionary Theories Of Economic Growth

Author : Richard R. Nelson
ISBN : UOM:39015084498404
Genre : Comparative economics
File Size : 45. 55 MB
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Testing The Neoclassical Theory Of Economic Growth

Author : Malcolm Donald Knight
ISBN : LCCN:94146000
Genre :
File Size : 88. 73 MB
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The Rediscovery Of Classical Economics

Author : David Simpson
ISBN : 9781781951972
Genre : Business & Economics
File Size : 20. 55 MB
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'The diligent seeker of truth about our current discontents should turn to. . . The Rediscovery of Classical Economics, by David Simpson. . . Its ostensible object is to resurrect what he calls the "classical tradition" emanating from Adam Smith and distinguish it not only from Keynesian economics but also from today's mainstream known to aficionados as the "neoclassical" orthodoxy. Without going into academic details, this orthodoxy stands accused of replacing a theory of relative prices (how many loaves will buy a pullover) with a more sophisticated account of economic growth, and of foisting on us a theory of "rational expectations" that are anything but rational.' Samuel Brittan, Financial Times 'This book puts human beings back at the heart of the economic process. It shows how this classical, human-centred tradition, stretching from Adam Smith onward, gives us a much better understanding of economic events and what to do about them than the mechanistic, mathematical models of too many economists and planners today.' Eamonn Butler, The Adam Smith Institute, UK 'David Simpson writes about key economic issues with admirable lucidity. He draws deeply on experience as well as on his knowledge of economic theory.' Asa Briggs David Simpson skilfully argues that a market economy can be best understood as a human complex system, a perspective that represents a continuation of the classical tradition in economic thought. In the classical tradition, growth rather than allocative efficiency is the principal object of enquiry, economic phenomena are recognised to be elements of processes rather than structures, and change is evolutionary. The book shows the common principles that connect the early classical school, the Austrian school and complexity theory in a single line of thought. It goes on to show how these principles can be applied to explain the characteristic features of a market economy namely incessant change, growth, the business cycle and the market process itself and argues that static equilibrium theory, whether neoclassical or neo-Keynesian, cannot satisfactorily account for these phenomena. This fascinating book will provide a stimulating read for academics, postgraduate students and all those with an interest in economic theory and economic policy.

The Theory Of Value And Distribution In Economics

Author : Pierangelo Garegnani
ISBN : 9781136244803
Genre : Business & Economics
File Size : 46. 4 MB
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This new volume explores two alternative economic theories – the classical theory and the marginalist or neoclassical theory- through a discussion between two eminent economists, Pierangelo Garegnani and Paul Samuelson. The key themes of the volume are the difference in approaches to the explanation of the distribution of income and relative prices, and therefore different approaches to all other economic problems, in particular capital accumulation and economic growth. The book discusses whether there is a ‘classical’ approach to the theory of value and distribution at the core of economic theory that is fundamentally different from the later marginalist or neoclassical theory. In the volume, the late Pierangelo Garegnani argues for the validity of Piero Sraffa’s position on this issue, whilst the late noble laureate Paul Samuelson vehemently contests it. At a time of economic crisis, the future of the discipline is far from certain, and so it is extremely important to bring these debates back into the light, by reproducing them together for the first time. A comprehensive introduction by Heinz Kurz sets the debate in this context, and provides crucial background to the arguments.

A Neo Classical Theory Of Distribution And Wealth

Author : Hans U. Buhl
ISBN : 3642465692
Genre : Business & Economics
File Size : 24. 53 MB
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The distribution of capital and income in general and its re lation to wealth and economic growth in particular have attrac ted economists' interest for a long time already. Especially the, at least partially, conflicting nature of the two politi cal objectives, namely to obtain substantially large economic growth and a "just" income distribution at the same time, has caused the topic to become a subject of political discussions. As a result of these discussions, numerous models of workers' participation in the profits of growing economies have been developed. To a minor extent and with quite diverse success, some have been implemented in practice. It is far beyond the scope of this work to outline all these approaches from the past centuries and, in particular, the past decades. In economic theory many authors, for instance Kaldor [1955], Krelle [1968], [1983], Pasinetti [1962], Samuelson and Modigli ani [1966], to name but a few, have analyzed the long-term eco nomic implications of workers' saving and investment. While most of this extensive literature is highly interesting, it suffers from the fact that it does not explicitly consider either workers' or capitalists' objectives and thus neglects their impacts on economic growth. Thus, in the framework of a neo-classical model, these objectives and their impacts will be emphasized here.

Economic Growth And The Balance Of Payments Constraint

Author : John McCombie
ISBN : 9781349231218
Genre : Business & Economics
File Size : 57. 66 MB
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'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

Different Visions Of Economic Development From Keynes To The Solow Growth Harrod Domar Growth And The New Growth Model

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ISBN : 9783668091498
Genre : Business & Economics
File Size : 27. 2 MB
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Seminar paper from the year 2015 in the subject Economics - Macro-economics, general, grade: 2,3, Berlin School of Economics and Law, language: English, abstract: In this article four economic development models are described. The first one is the basis of the neoclassical theory of economic growth, the Solow model which deals with the exogenous growth. The second model is from Keynes. The third one is the Harrod-Domar model which is the basis of the Postkeynesian theory of economic growth and the last model deals with the endogenous growth and forms the basis for the new-classical theory of economic growth. In the following four different models are indicated with the help of the method of the literature-based analysis. In every economic development model the origin, the acceptances and the criticism are performed and the frame of this work is not enough to give every derivation. In the end the result summarizes this housework.

A Neo Keynesian Theory Of Inflation And Economic Growth

Author : S. Fujino
ISBN : 9783642481505
Genre : Business & Economics
File Size : 27. 57 MB
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Rethinking Economic Growth Theory From A Biophysical Perspective

Author : Blair Fix
ISBN : 9783319128269
Genre : Business & Economics
File Size : 55. 99 MB
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Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

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