Growth, Distribution and Innovations: Understanding their InterrelationsIdea for those studying advanced macroeconomic and written by a widely published author, this book outlines a new and more fruitful way of understanding, analyzing and formally modelling economic growth.In his series of lectures, collected here in one concise and engaging book, Amit Bhaduri draws on contemporary issues such as the role of competiti |
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Growth, Distribution and Innovations: Understanding Their Interrelations Amit Bhaduri Limited preview - 2007 |
Common terms and phrases
actual productivity growth aggregate demand aggregate production function analysis assumption capacity utilization capitalistic growth class distribution classical commodity market comparative static competition among rival constant cost creative destruction Diagram diffusion of technology disequilibrium distribution of income division of labour economic growth effective demand endogenous equation equilibrium excess demand forced saving full employment growth models growth rate growth theory higher profit hysteresis increasing returns integral curve intellectual property rights interaction interclass conflict intraclass competition jobless growth Keynes labour force labour market lecture long run lower macroeconomic market economy market structure money wage rate number of firms oligopolistic output path patent perfect competition positive potential output price level product market productive knowledge profit share profit squeeze rate of growth rate of profit rate of unemployment real wage rate result Ricardian rising Schumpeter Schumpeter’s slope speeds of adjustment stability condition supply side technical progress tend wage share wealth effect workers