This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

This book presents an original theoretical treatment of the problems of maintaining full employment in a multisector economic system

Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

Economists since the First Industrial Revolution have been interested in the links between economic growth and resources, often pointing to resource scarcities as a hindrance to growth. Offering a counter perspective, this volume highlights the positive role that scarcities can play in inducing technical progress and economic growth. It outlines a structural framework for the political economy of scarcity and rents, and offers a novel way of organizing the evidence concerning the role of resources in industrial growth. This book proposes a major shift in the treatment of scarcity issues by focusing on bottlenecks and opportunities arising within the production system, and will appeal to economists and policy makers interested in the role of resources as triggers of structural change.

This wide-ranging 1991 inquiry into the general field of structural economic analysis provides a thorough appraisal of the method of economic dynamics.

The use of COSMOS for the analysis and solution of structural dynamics problems is introduced in this new edition. The COSMOS program was selected from among the various professional programs available because it has the capability of solving complex problems in structures, as well as in other engin eering fields such as Heat Transfer, Fluid Flow, and Electromagnetic Phenom ena. COSMOS includes routines for Structural Analysis, Static, or Dynamics with linear or nonlinear behavior (material nonlinearity or large displacements), and can be used most efficiently in the microcomputer. The larger version of COSMOS has the capacity for the analysis of structures modeled up to 64,000 nodes. This fourth edition uses an introductory version that has a capability limited to 50 nodes or 50 elements. This version is included in the supplement, STRUCTURAL DYNAMICS USING COSMOS 1. The sets of educational programs in Structural Dynamics and Earthquake Engineering that accompanied the third edition have now been extended and updated. These sets include programs to determine the response in the time or frequency domain using the FFf (Fast Fourier Transform) of structures modeled as a single oscillator. Also included is a program to determine the response of an inelastic system with elastoplastic behavior and a program for the development of seismic response spectral charts. A set of seven computer programs is included for modeling structures as two-dimensional and three dimensional frames and trusses.