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Book synopsis

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.

Book details

Book category Books in English Economics, finance, business & management Economics Economic theory & philosophy

• Full title: Structural Economic Dynamics
• Author: Luigi Pasinetti
• Language: English
• Binding: Paperback
• Number of pages: 208
• EAN: 9780521029766
• ISBN: 0521029767
• ID: 02018927
• Publisher: Cambridge University Press
• Weight: 321 g
• Dimensions: 228 × 152 × 14 mm
• Date of publishing: 02. November 2006

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