Structural economic dynamics : a theory of the economic consequences of human learning / Luigi L. Pasinetti.

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 pheno...

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Bibliographic Details
Main Author: Pasinetti, Luigi L., (Author)
Format: Book
Language:English
Published: Cambridge : Cambridge University Press, 1993.
Subjects:
Online Access:CONNECT
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505 2 |a I. Economic theory and the neglect of structural change -- II. A pure labour production economy -- III. Proportional dynamics -- IV. Structural dynamics -- V. The evolving structure and level of prices -- VI. Consumption, savings, rate of interest and inter-temporal distribution of income -- VII. On the evolving structure of long-term development -- VIII. From the 'actual' towards the 'natural' economic system -- the role of institutions -- IX. Boundedness of economic systems, and international economic relations. 
520 |a 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. 
650 0 |a Technological innovations  |x Economic aspects. 
650 0 |a Diffusion of innovations. 
650 0 |a Production (Economic theory) 
650 0 |a Economic development. 
650 0 |a Labor productivity. 
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