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Classical, Neoclassical and Keynesian Views on Growth and Distribution

Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy and Carlo Panico, Professor of Economics, University ‘Federico II’, Naples, Italy
This book reconsiders and analyses the different approaches historically proposed in the literature on growth and distribution. The contributors have achieved, through a comprehensive and cohesive analysis of the approaches of different schools of thought, a wide-ranging interpretation of a variety of important economic phenomena. The book identifies elements characterising each approach and tries to derive from them a range of insights into the complexity of the growth process.
Extent: 352 pp
Hardback Price: $160.00 Web: $144.00
Publication Date: 2006
ISBN: 978 1 84542 309 4
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  • Economics and Finance
  • Economic History
  • History of Economic Thought
This book reconsiders and analyses the different approaches historically proposed in the literature on growth and distribution. The contributors have achieved, through a comprehensive and cohesive analysis of the approaches of different schools of thought, a wide-ranging interpretation of a variety of important economic phenomena. The book identifies elements characterising each approach and tries to derive from them a range of insights into the complexity of the growth process.

Classical, Neoclassical and Keynesian Views on Growth and Distribution is an original, insightful and thought-provoking book which, it is intended, will generate further research in the area of growth and income distribution.

The book will appeal to scholars and researchers at many different levels of academe, and in many different schools of thought, interested in the theory of economic growth and in the analysis of the complexity of growth processes.
Contributors: R. Balducci, E. Bellino, L. Boggio, P. Commendatore, A. D’Agata, S. D’Alessandro, L. Fanti, D. Fiaschi, M.D. Giammanco, M. Limosani, P. Manfredi, G. Mastromatteo, A. Opocher, C. Panico, M. Pomini, N. Salvadori, R. Signorino
Contents:
Introduction
Carlo Panico and Neri Salvadori
Part I: Classical Views
1. Growth and Distribution: A Return to the Classical Tradition
Renato Balducci
2. Natural Wage Dynamics in a Ricardian Growth Model
Davide Fiaschi and Rodolfo Signorino
3. Co-evolution of Population and Natural Resources: A Simple Ricardian Model
Simone D’Alessandro
4. Some Aspects of Structural Change in Marx’s Analysis
Maria Daniela Giammanco
Part II: Neoclassical Views
5. Growth, Income Distribution and Age Heterogeneity in the Neoclassical Economy: A Potential Conflict between Dynamic Efficiency and Equity
Luciano Fanti and Piero Manfredi
6. Distribution and Growth in the Neoclassical Traditions
Mario Pomini
7. Reconsidering the Early Marginal Productivity Theory of Distribution and Interest
Arrigo Opocher
8. Tobin Financial Growth Models: A Reconstruction
Michele Limosani
Part III: Keynesian Views
9. Unemployment and Growth: A Critical Survey
Enrico Bellino
10. Growth, Unemployment and Wages: Disequilibrium Models with Increasing Returns
Luciano Boggio
11. Behind Goodwin’s Real Wage Function: Which Kind of Labour Market?
Giuseppe Mastromatteo
12. Entry and Stationary Equilibrium Prices in a Post-Keynesian Growth Model
Antonio D’Agata
13. Are Kalekian Models Relevant in the Long Run?
Pasquale Commendatore
Index