Description - Structural Economic Dynamics by Luigi L. Pasinetti
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.
Buy Structural Economic Dynamics by Luigi L. Pasinetti from Australia's Online Independent Bookstore, Boomerang Books.
(228mm x 152mm x 14mm)
Cambridge University Press
Publisher: Cambridge University Press
Country of Publication:
Other Editions - Structural Economic Dynamics by Luigi L. Pasinetti
Book Reviews - Structural Economic Dynamics by Luigi L. Pasinetti