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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.
Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy
Contents:IntroductionNeri Salvadori1. Inequality and the Process of DevelopmentOded Galor2. The Role of Income Distribution in Long Run Endogenous GrowthAmit Bhaduri3. The Competition-of-Capitals Doctrine and the Wage–Profit RelationshipFerdinando Meacci4. A Heterodox Growth and Distribution ModelDuncan K. Foley and Lance Taylor5. Distribution and Growth in a Post-Keynesian Stock-Flow Consistent ModelGennaro Zezza and Claudio H. Dos Santos6. Technological Progress, Income Distribution and Capacity UtilizationFabio Hideki Ono and José Luís Oreiro7. Demand-Led Growth and the Classical Approach to Value and Distribution: Are They Compatible?Graham White8. Macroeconomic Volatility and Income Inequality in a Stochastically Growing EconomyCecilia García-Peñalosa and Stephen J. Turnovsky9. The Saving–Investment Nexus in the Debate on Pension ReformsSergio Cesaratto10. Income Distribution and Output Change: A Macro Multiplier ApproachMaurizio Ciaschini and Claudio Socci11. A Dynamic AGE Model from a Classical–Keynesian–Schumpeterian ApproachOscar De-Juan12. Heterodox Business CyclesLance Taylor, Nelson H. Barbosa-Filho and Codrina Rada13. Technological Innovation, Financial Fragility and Complex DynamicsAlberto Russo, Domenico Delli Gatti and Mauro Gallegati14. Growth, History and InstitutionsGraziella Bertocchi15. Religious Culture, Institutions and GrowthMichele Bagella, Leonardo Becchetti and Stefano Caiazza16. Trade, Poverty and Growth: Two Perspectives, One Message?Gabriella Berloffa and Maria Luigia SegnanaIndex
'. . . this volume is a valuable contribution to economic growth theory and is well worth reading.'