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The Economics Of Demand-Led Growth |
Edited by Mark Setterfield, Professor of Economics, Trinity College, Hartford, US, Associate Member, Cambridge Centre for Economic and Public Policy, Cambridge University, UK and Senior Research Associate, International Economic Policy Institute, Laurentian University, Canada
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‘As Keynes noted 65 years ago, the “great puzzle of effective demand” disappeared from economics for a century between Malthus and Keynes. It has recently been in danger of disappearing again. These lucid essays help assure that it will not. They ably summarize growth theory from the demand-side perspective, and in particular, they highlight for a new generation the continuing vital importance of Nicholas Kaldor's ideas.’
– James K. Galbraith, University of Texas, Austin, US
The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of demand-led growth.
Long-run growth is usually portrayed as a supply-determined process. The contributions to this volume, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long-run, the volume contains essays in the Kaldorian and Kaleckian traditions, and a section on the relationship between demand-led growth and structural change. The conclusion reached is that current neglect of the role of demand in analyses of long-run growth is unwarranted.
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Contents: Part I: Fundamental Issues in the Theory of Demand-Led Growth Part II: Kaldorian Models of Demand-Led Growth Part III: Kaleckian Models of Demand-Led Growth Part IV: Traverse Analysis and Demand-Led Growth Part V: Structural Change and Demand-Led Growth Index
Contributors: G. Argyrous, H.S. Atesoglu, R.A. Blecker, M. Cassetti, J. Cornwall, J. Halevi, M. Lavoie, J.S.L. McCombie, T. Mott, E.J. Nell, T.I. Palley, P. Petit, M. Roberts, M. Setterfield, L. Soete, R. Taouil
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