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 competition policy, labour market flexibility and intellectual property rights regime in influencing the rate of economic growth to sketch an alternative approach to mainstream growth theory. He explores:
It is an invaluable tool for anyone engaged with growth and distribution theory and technical innovation, as well as taking advanced macroeconomics. |
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Growth, Distribution and Innovations: Understanding their Interrelations Amit Bhaduri Limited preview - 2007 |
Common terms and phrases
aggregate demand analysis assumption Bhaduri Cambridge capacity utilization capital capitalistic growth class distribution commodity market comparative static competition among rival constant corporate creative destruction demand side Diagram diffusion of technology distribution of income division of labour dynamics economic growth effective demand endogenous equation equilibrium forced saving framework full employment growth models growth rate growth theory hysteresis increasing returns innovations integral curve intellectual property inter-class conflict interaction intra-class competition Kaldor Kalecki Keynes Keynesian labour force labour market lectures long run lower macroeconomics margin market structure Marx NAIRU negative neo-classical growth neo-classical growth models oligopolistic out-of-equilibrium perfect competition positive potential price level problem profit share profit squeeze rate of profit rate of unemployment real wage rate regime result Ricardian Ricardo rising rival firms role Schumpeter Schumpeter's speed of adjustment stock market supply side technical progress tend University Press variable wage share wage-led wealth effect workers