Beyond the Steady State: A Revival of Growth Theory

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9780312065058: Beyond the Steady State: A Revival of Growth Theory

In the past, the theory of economic growth has been fettered to the rock of equilibrium. In this book the authors break free and present institutional transformation as a central feature of growth. New arenas for theory emerge. These are developed in sections covering demand-constrained growth; the nature and role of technical change; the theory of the traverse (transition between equilibrium paths); and the modeling of cycles and catastrophes in a growing economy. Many of the contributions develop formal models, but place them within an explanatory framework making it possible to read the book as an introduction to the philosophy of post-neoclassical economics as well as a rigorous presentation of new findings.

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Halevi, Josephy
Published by Palgrave MacMillan (1992)
ISBN 10: 0312065051 ISBN 13: 9780312065058
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Book Description Palgrave MacMillan, 1992. Hardcover. Book Condition: Fine. Dust Jacket Condition: Fine Dust Jacket. 8vo. 374 pp. We specialize in fine books in collectible condition. Orders are professionaly packaged and shipped promptly. M48. Bookseller Inventory # 66835

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