MOMENTAN AUSVERKAUFT
Über dieses Produkt
Product Identifiers
PublisherHarvard University Press
ISBN-100674364201
ISBN-139780674364202
eBay Product ID (ePID)1175055
Product Key Features
Number of Pages376 Pages
Publication NameGrowth and Distribution
LanguageEnglish
SubjectEconomic Conditions, Development / Economic Development, Economics / General
Publication Year1999
TypeTextbook
AuthorThomas R. Michl, Duncan K. Foley
Subject AreaBusiness & Economics
FormatHardcover
Dimensions
Item Height1.2 in
Item Weight23.4 Oz
Item Length9.4 in
Item Width6.2 in
Additional Product Features
Intended AudienceScholarly & Professional
LCCN98-053613
ReviewsA very readable and clear introduction to the modern macroeconomic analysis of economic growth. The reader is led through the very important subject matter in clear, careful steps and is brought to the frontier of the literature by the two highly qualified authors., After years of preoccupation with inflation and unemployment, macroeconomists have turned their attention to growth...But students who wish to learn more about this important subject have few options: undergraduate macro texts usually devote no more than a chapter to growth, while journal articles and graduate texts (with their differential equations and Hamiltonians) are well beyond the reach of most students...Foley and Michl have filled this lacuna. A major feature of the volume is its coverage of alternative approaches to growth and distribution. This distinguishes it from standard macro texts...which deal only with neoclassical models...It should appeal to students who find theoretical models dry and irrelevant unless they can be readily applied to real economies...The volume provides a masterful and authoritative presentation of growth and distribution approaches. The elegant, formal presentation of models is nicely complemented with empirical applications and precise verbal discussion of the underlying issues involved., This is a remarkably clear and insightful account of alternative approaches to the theory of distribution and growth. While the attention focuses on the modern Classical approach, derived from the analyses of the old masters from Adam Smith to Ricardo and Marx, Keynesian, traditional Neoclassical and 'new' growth theories are also dealt with in some depth. The book tackles the important issues of renewable and exhaustible resources and of money and growth, issues often neglected in the respective literature. In addition, it discusses in an illuminating way the politically controversial issues of the impact of government debt and social security systems on growth and the pace of technical change. The sound analytical work is complemented by substantial empirical studies. The student is provided with all the necessary concepts and tools needed in order to do original work. The work is well written, the subject matter carefully arranged and a number of well selected problems allow the student to test his or her acquired knowledge.
Dewey Edition23
IllustratedYes
Dewey Decimal338.9
Table Of ContentPreface Notation 1. Introduction Economic Growth in Historical Perspective Quality and Quantity Human Relationships Economic Theories of Growth Suggested Readings 2. Measuring Growth and Distribution Measuring Output and Inputs Time and Production A Note on Units Technology in the Real World The Uses of Output: Investment and Consumption The Social Consumption-Growth Rate Schedule The Distribution of Income: Wages and Profit The Real Wage-Profit Rate Schedule Income Shares The Growth-Distribution Schedule Changes in Labor and Capital Productivity Comparing Economies Global Economic Leadership Labor Productivity Growth in Real Economies Stylized Facts Suggested Readings 3. Models of Production Accounting Frameworks and Explanatory Models A Model of Production Agents and Distribution Choice of Technique and Production Functions Particular Production Functions The Leontief Production Function The Cobb-Douglas Production Function Classifying Technical Change Two-sector Growth-Distribution Schedules Models of Production and Models of Growth Suggested Readings 4. The Labor Market Models of Economic Growth Labor Supply and Demand The Classical Conventional Wage Model The Neoclassical Full Employment Model Toward a Model of Economic Growth Growth in Real Economies Suggested Readings 5. Models of Consumption and Saving A Two-Period Consumption-Saving Model Solving the Two-period Consumption Problem An Infinite-Horizon Model Solving the Infinite-Horizon Problem The Constant Saving Rate Model Saving Rates and Growth Rates Suggested Readings 6. Classical Models of Economic Growth The Classical Conventional Wage Model Comparative Dynamics in the Conventional Wage Model Labor-Saving Technical Change in the Classical Model Choice of Technique in the Classical Model A Classical Model of Growth with Full Employment Choice of Technique in the Classical Full-Employment Model The Classical Approac to Growth Suggested Readings 7. Biased Technical Change in the Classical Model The Classical Conventional Wage Share Model with Biased Technical Change Viability of Technical Change Biased Technical Change and the Fossil Production Function Convergence and the Classical Model One Vision of Economic Growth Suggested Readings 8. The Neoclassical Growth Model The Solow-Swan Model The Intensive Production Function Saving, Population, and Steady State Growth The Solow-Swan Model and the Growth-Distribution Schedule The Complete Model Substitution and Distribution Comparative Dynamics Transitional Dynamics Limitations of the Solow-Swan Model Suggested Readings 9. Technical Change in the Neoclassical Model Technical Change and the Production Function The Solow-Swan Model with Harrod-Neutral Technical Change Growth Accounting Classical and Neoclassical Interpretations of the Residual Comparative Steady State Dynamics in the Solow-Swan Model Transitional Dynamics in the Solow-Swan Model Suggested Readings 10. Investment
SynopsisThis is the first text designed to support a comprehensive advanced undergraduate or graduate course on the theory, measurement, and history of economic growth. The book presents Classical and Keynesian in parallel with Neoclassical approaches to growth theory., Growth and Distribution is the first text designed to support a comprehensive advanced undergraduate or graduate course on the theory, measurement, and history of economic growth. The book, which presents Classical and Keynesian in parallel with Neoclassical approaches to growth theory, introduces students to advanced tools of intertemporal economic analysis through carefully developed treatments of land- and resource-limited growth, and covers money and growth, the impact of government debt and social security systems on growth, and theories of endogenous growth and endogenous technical change. The models emphasize rigorous reasoning from basic economic principles and insights without excessive formal complication, and respond to students' interest in the history and policy dilemmas of real-world economies. Surveys of data and discussion of empirical controversies are closely integrated with the development of theoretical tools. The book includes access to a comprehensive data set extending the Penn World Tables in a form suitable for exploration in hands-on student projects. In addition to carefully worked examples showing how to use the analytical techniques presented, the book contains many problems suitable for inclusion in problem sets and examinations. Detailed answers to these problems are also provided.
LC Classification NumberHD75.F65 1999
