Growth, Distribution and Innovations: Understanding Their InterrelationsIdea for those studying advanced macroeconomic and written by a widely published author, this book outlines a new and more fruitful way of understanding, analyzing and formally modelling economic growth. In his series of lectures, collected here in one concise and engaging book, Amit Bhaduri draws on contemporary issues such as the role of competition policy, labour market flexibility and intellectual property rights regime in influencing the rate of economic growth to sketch an alternative approach to mainstream growth theory. He explores:
It is an invaluable tool for anyone engaged with growth and distribution theory and technical innovation, as well as taking advanced macroeconomics. |
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Growth, Distribution and Innovations: Understanding their Interrelations Amit Bhaduri Limited preview - 2007 |
Growth, Distribution and Innovations: Understanding Their Interrelations Amit Bhaduri Limited preview - 2007 |
Common terms and phrases
actual productivity growth aggregate demand aggregate production function analysis assumption Bhaduri capacity utilization capitalistic growth class distribution commodity market comparative static competition among rival constant creative destruction Diagram diffusion of technology disequilibrium distribution of income division of labour economic growth effective demand endogenous equation equilibrium excess demand forced saving full employment growth models growth rate growth theory higher profit increasing returns integral curve intellectual property rights inter-class conflict interaction intra-class competition jobless growth Keynes Keynesian labour force labour market labour productivity growth Lecture long run macroeconomic market economy market structure money wage rate neo-classical growth models number of firms output path patent perfect competition positive potential output price level product market productive knowledge profit share profit squeeze rate of profit rate of unemployment real wage rate result Ricardian Ricardo rising Schumpeter Schumpeter's slope speeds of adjustment stability condition supply side technical progress tend wage share wage-led workers