Call Boomerang Books 1300 36 33 32

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.

Buy Transformational Growth and the Business Cycle book by Edward J. Nell from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780415148559
ISBN-10: 0415148553
Format: Hardback
(234mm x 156mm x 32mm)
Pages: 384
Imprint: Routledge
Publisher: Taylor & Francis Ltd
Publish Date: 11-Dec-1997
Country of Publication: United Kingdom


» Have you read this book? We'd like to know what you think about it - write a review about Transformational Growth and the Business Cycle book by Edward J. Nell and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - Edward J. Nell

Edward Nell is Matthew B. Smith Professor of Economics at the New School for Social Research, New York. He is the author of Making Sense of a Changing Economy, (Routledge, 1996).

Books By Author Edward J. Nell

General Theory of Transformational Growth by Edward J. Nell

The General Theory of Transformational Growth

Paperback, November 2005
Making Sense of a Changing Economy by Edward J. Nell

Making Sense of a Changing Economy

Paperback, April 1996
Growth, Profits and Property by Edward J. Nell

Growth, Profits and Property

Paperback, August 1984