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Long-run Growth, Social Institutions and Living Standards

Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy and Arrigo Opocher, Professor of Economics, University of Padua, Italy
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.
Extent: 400 pp
Hardback Price: $167.00 Web: $150.30
Publication Date: 2009
ISBN: 978 1 84844 227 6
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  • Economics and Finance
  • Radical and Feminist Economics
  • Social Policy and Sociology
  • Economics of Social Policy
This engaging book contains a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.

It explores the mutual relationships between living standards, social habits, education and health systems, labour market regulation and participatory rules on one hand, and the growth of the economy on the other. These mutual relationships underpin the differences between long-run growth rates in different countries, and in their variations through time. The book also analyses fundamental historical, empirical and theoretical aspects of the many self-reinforcing mechanisms of growth, such as poverty traps or industrial take-offs. It offers a lively representation of the reasons why no lasting economic growth is possible without wider institutional, intellectual and ethical progress. Uncommitted to a specific overall economic theory, the contributors freely discuss their understanding of specific aspects of this complex subject.

This stimulating integrated analysis of the main social drivers of economic growth will strongly appeal both to academic and practising economists, and to postgraduate students interested in growth theory and social studies.
Contributors: R. Balducci, T. Bassetti, S. Borghesi, V. Dardanoni, D. Dottori, L. Fanti, T. Fioroni, L. Gori, D. Gualerzi, B. Jossa, T. Luzzati, G. Mastromatteo, S. Modica, A. Opocher, M. Pignatti Morano, M. Pomini, F. Purificato, N. Salvadori, A. Vercelli
Contents:

Introduction
Arrigo Opocher and Neri Salvadori

1. Does Economic Growth Ultimately Lead to a ‘Noble Life’? A Comparative Analysis of the Predictions of Mill, Marshall and
Keynes
Arrigo Opocher

2. The Debate on Education Financing in the Classical Perspective
Mario Pomini

3. The Role of the Public Sector in the Thought of Hyman Minsky
Giuseppe Mastromatteo

4. Economic Progress and the Standard of Life: Notes on a Dynamic Approach to Needs and Consumption
Davide Gualerzi

5. The Need for Standards in Students’ Grading
Valentino Dardanoni and Salvatore Modica

6. Education and Endogenous Growth in the Neoclassical Tradition
Mario Pomini

7. Education and Poverty in a Solow Growth Model
Thomas Bassetti

8. Child Mortality Decline, Inequality and Economic Growth
Tamara Fioroni

9. Health Funding, Inequality and Economic Growth
Davide Dottori

10. Education, Change in Consumer Preferences and Growth
Renato Balducci

11. Unemployment in a System of Labour-managed Firms
Bruno Jossa

12. Regulated Wage Economy and Taxation Systems: A Long-run
Welfare and Growth Theoretical Analysis and a Policy Exercise
Luciano Fanti and Luca Gori

13. Sustainable Development and Energy Trends
Simone Borghesi and Alessandro Vercelli

14. Human Needs, Sustainable Development and Public Policy: Learning from K.W. Kapp (1910–1976)
Tommaso Luzzati

15. Participatory Planning of Economic Development: The Co-evolution of Economic Theory and Policy
Martina Pignatti Morano

16. Political and Economic Interaction: Income Distribution and Economic Growth
Francesco Purificato

Index