Economics in a Changing World
Volume 5: Economic Growth and Capital Labour Markets
Published on 19. April 1995
Book
Hardback
XXXII, 265 pages
978-0-333-60127-3 (ISBN)
Description
Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short run and Keynesian for the long run' (investment being too important for growth to be left entirely in private hands).
More details
Series
Edition
1995 edition
Language
English
Place of publication
London
United Kingdom
Target group
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Illustrations
XXXII, 265 p.
Dimensions
Height: 216 mm
Width: 140 mm
Thickness: 21 mm
Weight
526 gr
ISBN-13
978-0-333-60127-3 (9780333601273)
DOI
10.1007/978-1-349-23953-5
Schweitzer Classification
Other editions
Additional editions
Jean-Paul Fitoussi
Economics in a Changing World
Volume 5: Economic Growth and Capital Labour Markets
E-Book
06/1995
Palgrave Macmillan
€149.79
Available for download
Content
Preface; A.B.Atkinson - The International Economic Association - List of Contributors - Abbreviations and Acronyms - Introduction: Economic Growth, Capital and Labour Markets; J-P.Fitoussi - PART 1: GROWTH AND INSTITUTIONS - Should the Former Socialist Economies Look East or West for a Model?; A.Blinder - Israel's Stabilisation Programme of 1985, or Some Simple Truths of Monetary Theory; D.Patinkin - Business History From the Microeconomic Perspective; N.Lamoreaux & D.Raff - PART 2: DEVELOPMENTS IN THE THEORY OF GROWTH - On Growth Theory; F.Hahn - Technical Progress in the Theory of Endogenous Growth; P.Aghion & P.Howitt - About Investment in Macroeconomics; E.Malinvaud - PART 3: CAPITAL AND LABOUR MARKETS - Interest Rates Puzzles, Competitive Theory, and Capital Constraints; J.Stiglitz - Accounting for Stock Price Movements; J.Campbell - Is the Future What it Used to Be?; S.Maital & S.Maital - Optimal Currency Areas, Large and Small; W.Branson - Contract Inefficiency, Wages and Employment: An Assessment; J.Malcomson - Some New Thoughts on Migration and Development; O.Stark - Index