The Keynesian Theory of Economic DevelopmentClarifies the technical possibilities and limitations of economic growth in general, and of the economic development of underdeveloped countries in particular, by using a Keynesian frame of reference. |
Contents
PREFACE | 13 |
THE STRUCTURE OF AN UNDERDEVELOPED | 26 |
THE SOCIALLY OPTIMAL RATE OF GROWTH | 41 |
Copyright | |
10 other sections not shown
Other editions - View all
Common terms and phrases
advanced economy analysis assumption autonomous investment average and marginal average propensity capital accumulation capital-labour ratio capital-output ratio consumption decrease developed economies disguised unemployment Domar economic development Economic Growth economic progress effective demand equation equilibrium exports fiscal foreign full employment fully utilized given growing growth of capital growth of labour growth of output growth rate Harrod-Domar models Harrod's implies important income inequality income redistribution increase industries investment ratio Joan Robinson Keynes Keynes's Keynesian labour population labour productivity labour-output ratio labour-saving labour-using laissez-faire long-run marginal propensity Marx ment national income net investment output ratio parameters parametric operations population growth possible Post-Keynesian Economics productive capacity productivity of capital productivity of investment productivity of labour propensity to save rate of growth real capital real income relative required labour rise saving ratio secular socially optimal rate standard of living stock of capital structural underemployment techniques Theory of Economic Underdeveloped Countries underdeveloped economy unemployment