Beyond the Steady State A Revival of Growth Theory

The essays in this book seek to identify the mechanisms that determine the extent and nature of economic growth. The subject is addressed under four headings: demand-determined growth, technical change, traverse and growth cycles.

Part 1 An overview: the classical dynamics of surplus and accumulation, Vivian C.Walsh. Part 2 Demand-determined growth: some notes for an analysis of accumulation, Pierangelo Garegnani; accumulation, effective demand, and income distribution, Heinz D.Kurz; demand equilibrium, Edward J. Nell. Part 3 Technical change: transformational growth - mass production and the multiplier, Edward J. Nell; optimal choice of technique and biased technical change, David Laibman; classical competitive dynamics and technical change, Peter Flaschel and Willi Semmler. Part 4 Traverse: an introduction to the traverse in economic theory, Joseph Halevi and Peter Kreisler; traverse analysis in a post-classical model, Harald Hagemann; accumulation and structural disequilibrium, Joseph Halevi. Part 5 Growth cycles: a dynamic analysis of industrial capitalism, Richard M.Goodwin; dynamic behaviour in a two-sector classical model, Marc Jarsulic; cyclical growth and intersectoral dynamics, David Laibman; bifurcation in the theory of economic growth, Badal Mukherji.