Structural economic dynamics : a theory of the economic consequences of human learning

Bibliographic Information

Structural economic dynamics : a theory of the economic consequences of human learning

Luigi L. Pasinetti

Cambridge University Press, 1993

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Note

Bibliography: p. 177-181

Includes index

Description and Table of Contents

Description

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.

Table of Contents

  • Preface
  • Acknowledgements
  • List of symbols
  • 1. Economic theory and the neglect of structural change
  • 2. A pure labour production economy
  • 3. Proportional dynamics
  • 4. Structural dynamics
  • 5. The evolving structure and level of prices
  • 6. Consumption, savings, rate of interest and inter-temporal distribution of income
  • 7. On the evolving structure of long-term development
  • 8. From the 'actual' towards the 'natural' economic system - the role of institutions
  • 9. Boundedness of economic systems, and international economic relations
  • References
  • Index.

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