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Institutional and Social Dynamics of Growth and Distribution

Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy
Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.
Extent: 384 pp
Hardback Price: $165.00 Web: $148.50
Publication Date: 2010
ISBN: 978 1 84844 228 3
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  • eISBN: 978 1 78100 059 5

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  • Economics and Finance
  • Radical and Feminist Economics
Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.

The main focus of investigation of this engaging book is the mutual relationship between social, political, and economic institutions on one hand, and the growth of the economy on the other. These mutual relations are at the crux of differences in long-run growth rates across countries, and in their variations through time. The contributors analyse historical, empirical and theoretical aspects of the many self-reinforcing mechanisms of growth, the role of political institutions, and demographic factors.

Offering a lively representation of the reasons why no lasting economic growth is possible without broader institutional progress, this book will prove a fascinating read for students, academics, and researchers focusing on economics, sociology, demography, and growth theory.
Contributors: M. Baur, N. Benos, S. Bowles, P. Commendatore, D. de la Croix, C. Di Guilmi, L. Fanti, P. Ferri, V. Filoso, M. Gallegati, C. Henning, M. Iannelli, D. Infante, S. Karagiannis, S. Landini, P. Manfredi, J. Mokyr, E. Nell, C. Panico, A. Pinto, V. Saggau, N. Salvadori, J. Smirnova, A.M. Variato
Contents:

Introduction
Neri Salvadori

1. Institutions and the Beginnings of Economic Growth in Eighteenth-Century Britain
Joel Mokyr

2. The Coevolution of Institutions and Preferences: History and Theory
Samuel Bowles

3. Politics and Income Distribution
Martin Baur

4. Income Distribution and the Interaction between Cycles and
Growth
Piero Ferri and Anna Maria Variato

5. Market Failures within Poor Institutions: The Effects of Bureaucrats’ Rent-seeking Activity
Davide Infante and Janna Smirnova

6. Government Spending, Effective Demand, Distribution and Growth: A Dynamic Analysis
Pasquale Commendatore, Carlo Panico and Antonio Pinto

7. The Role of Human Capital in Economic Growth: Evidence from Greek Regions
Nikos Benos and Stelios Karagiannis

8. Adult Longevity and Economic Take-off from Malthus to Ben-Porath
David de la Croix

9. Endogenous Age Structure in Descriptive Macroeconomic Growth Models: A General Framework and Some Steady State Analysis
Luciano Fanti, Mimmo Iannelli and Piero Manfredi

10. Bright and Wealthy: Exploring Assortative Mating
Valerio Filoso

11. Information Networks and Knowledge Spillovers: Simulations in an Agent-based Model Framework
Christian Henning and Volker Saggau

12. Interaction between Economic and Social Variables: The Transformational Growth Matrix
Edward Nell

13. Financial Fragility, Mean-field Interaction and Macroeconomic Dynamics: A Stochastic Model
Corrado Di Guilmi, Mauro Gallegati and Simone Landini

Index