There is a controversy among economists that has raged in the pages of professional journals. The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.

About the Author

Dr. J.A. Kregel is professor of economics at the Universit� degli Studi di Bologna as well as an adjunct professor in economics at John Hopkins University Paul Nitze School of Advanced International Studies. He is Chief of Policy Analysis and Development at the Financing for Development Office at the United Nations department of economic and Social Affairs and he is a member of the Scientific Advisory Boards in Rome at the Italian International Economic Center.

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