The Evolution of Growth Theory: From Classical Dynamics to Vertical Integration

This paper will critically discuss traditional growth theory by using, as a reference, the main results obtained by Luigi Pasinetti's approach based on vertically integrated processes. It will be argued that theories centred on one commodity models, whether a Ricardo-Marx or Ramsey variety, cannot take into account issues related to the problem of effective demand and of technical change.

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Year of publication:	1998
Authors:	Halevi, J.
Institutions:	School of Economics, Faculty of Arts and Social Sciences
Subject:	ECONOMIC GROWTH \| ECONOMIC THEORY

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Series:	Sydney - Department of Economics.
Type of publication:	Book / Working Paper
Notes:	16 pages
Classification:	B29 - History of Economic Thought since 1925. Other ; O41 - One, Two, and Multisector Growth Models ; O49 - Economic Growth and Aggregate Productivity. Other
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005618958