Growth and Distribution

ISBN-10: 0674364201

ISBN-13: 9780674364202

Edition: 1999

Authors: Duncan K. Foley, Thomas R. Michl

List price: $81.50
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Description:

This text is designed to support a comprehensive advanced undergraduate or graduate course on the theory, measurement, and history of economic growth. The book contains problems suitable for inclusion in problem sets and examination.
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Book details

List price: $81.50
Copyright year: 1999
Publisher: Harvard University Press
Publication date: 9/25/1999
Binding: Hardcover
Pages: 376
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.694
Language: English

Duncan K. Foley is Leo Model Professor at the New School for Social Research.

Thomas R. Michl is Professor of Economics at Colgate University.

Preface
Notation
Introduction
Economic Growth in Historical Perspective
Quality and Quantity
Human Relationships
Economic Theories of Growth
Suggested Readings
Measuring Growth and Distribution
Measuring Output and Inputs
Time and Production
A Note on Units
Technology in the Real World
The Uses of Output: Investment and Consumption
The Social Consumption-Growth Rate Schedule
The Distribution of Income: Wages and Profit
The Real Wage-Profit Rate Schedule
Income Shares
The Growth-Distribution Schedule
Changes in Labor and Capital Productivity
Comparing Economies
Global Economic Leadership
Labor Productivity Growth in Real Economies
Stylized Facts
Suggested Readings
Models of Production
Accounting Frameworks and Explanatory Models
A Model of Production
Agents and Distribution
Choice of Technique and Production Functions
Particular Production Functions
The Leontief Production Function
The Cobb-Douglas Production Function
Classifying Technical Change
Two-sector Growth-Distribution Schedules
Models of Production and Models of Growth
Suggested Readings
The Labor Market
Models of Economic Growth
Labor Supply and Demand
The Classical Conventional Wage Model
The Neoclassical Full Employment Model
Toward a Model of Economic Growth
Growth in Real Economies
Suggested Readings
Models of Consumption and Saving
A Two-Period Consumption-Saving Model
Solving the Two-period Consumption Problem
An Infinite-Horizon Model
Solving the Infinite-Horizon Problem
The Constant Saving Rate Model
Saving Rates and Growth Rates
Suggested Readings
Classical Models of Economic Growth
The Classical Conventional Wage Model
Comparative Dynamics in the Conventional Wage Model
Labor-Saving Technical Change in the Classical Model
Choice of Technique in the Classical Model
A Classical Model of Growth with Full Employment
Choice of Technique in the Classical Full-Employment Model
The Classical Approac to Growth
Suggested Readings
Biased Technical Change in the Classical Model
The Classical Conventional Wage Share Model with Biased Technical Change
Viability of Technical Change
Biased Technical Change and the Fossil Production Function
Convergence and the Classical Model
One Vision of Economic Growth
Suggested Readings
The Neoclassical Growth Model
The Solow-Swan Model
The Intensive Production Function
Saving, Population, and Steady State Growth
The Solow-Swan Model and the Growth-Distribution Schedule
The Complete Model
Substitution and Distribution
Comparative Dynamics
Transitional Dynamics
Limitations of the Solow-Swan Model
Suggested Readings
Technical Change in the Neoclassical Model
Technical Change and the Production Function
The Solow-Swan Model with Harrod-Neutral Technical Change
Growth Accounting
Classical and Neoclassical Interpretations of the Residual
Comparative Steady State Dynamics in the Solow-Swan Model
Transitional Dynamics in the Solow-Swan Model
Suggested Readings
Investment
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