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Economic Growth and Distribution

On the Nature and Causes of the Wealth of Nations Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy
Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian–Kaleckian–Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions.
Extent: 448 pp
Hardback Price: $183.00 Web: $164.70
Publication Date: 2006
ISBN: 978 1 84542 320 9
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  • Economics and Finance
  • Economic History
  • History of Economic Thought
  • Radical and Feminist Economics
Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian–Kaleckian–Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; and the role of institutions.

For its emphasis on comparisons and complementariness among alternative theories of growth and distribution, Economic Growth and Distribution complements the work of advanced textbooks on the topic. It is a companion to Innovation, Unemployment and Policy in the Theories of Growth and Distribution (edited by N. Salvadori and R. Balducci) and Classical, Neoclassical and Keynesian Views on Growth and Distribution (edited by N. Salvadori and C. Panico).

The book will be appreciated by scholars of the theory of economic growth, the theory of distribution, macroeconomics, classical and Keynesian economics, as well as historians of economic thought.
‘. . . this volume is a valuable contribution to economic growth theory and is well worth reading.’
– Stavros Mavroudeas, Review of Radical Political Economy
Contributors: M. Bagella, N.H. Barbosa-Filho, L. Becchetti, G. Berloffa, G. Bertocchi, A. Bhaduri, S. Caiazza, S. Cesaratto, M. Ciaschini, C.H. Dos Santos, O. De-Juan, D. Delli Gatti, D.K. Foley, M. Gallegati, O. Galor, C. García-Peñalosa, F. Hideki Ono, F. Meacci, J.L. Oreiro, C. Rada, A. Russo, N. Salvadori, M.L. Segnana, C. Socci, L. Taylor, S.J. Turnovsky, G. White, G. Zezza
Contents:

Introduction
Neri Salvadori

1. Inequality and the Process of Development
Oded Galor

2. The Role of Income Distribution in Long Run Endogenous Growth
Amit Bhaduri

3. The Competition-of-Capitals Doctrine and the Wage–Profit Relationship
Ferdinando Meacci

4. A Heterodox Growth and Distribution Model
Duncan K. Foley and Lance Taylor

5. Distribution and Growth in a Post-Keynesian Stock-Flow Consistent Model
Gennaro Zezza and Claudio H. Dos Santos

6. Technological Progress, Income Distribution and Capacity Utilization
Fabio Hideki Ono and José Luís Oreiro

7. Demand-Led Growth and the Classical Approach to Value and Distribution: Are They Compatible?
Graham White

8. Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy
Cecilia García-Peñalosa and Stephen J. Turnovsky

9. The Saving–Investment Nexus in the Debate on Pension Reforms
Sergio Cesaratto

10. Income Distribution and Output Change: A Macro Multiplier Approach
Maurizio Ciaschini and Claudio Socci

11. A Dynamic AGE Model from a Classical–Keynesian–Schumpeterian Approach
Oscar De-Juan

12. Heterodox Business Cycles
Lance Taylor, Nelson H. Barbosa-Filho and Codrina Rada

13. Technological Innovation, Financial Fragility and Complex Dynamics
Alberto Russo, Domenico Delli Gatti and Mauro Gallegati

14. Growth, History and Institutions
Graziella Bertocchi

15. Religious Culture, Institutions and Growth
Michele Bagella, Leonardo Becchetti and Stefano Caiazza

16. Trade, Poverty and Growth: Two Perspectives, One Message?
Gabriella Berloffa and Maria Luigia Segnana

Index