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Production and Economic Dynamics

Roberto Scazzieri editor Michael A Landesmann editor

Format:Paperback

Publisher:Cambridge University Press

Published:25th Jun '09

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Production and Economic Dynamics cover

This volume outlines a novel approach to the analysis of structural economic dynamics.

This volume outlines a novel approach to analyses of structural economic dynamics. It is based on detailed considerations of the micro-organisational features of an economic system, and how networking patterns of technological and institutional change influence the overall dynamics of such a system.This volume is inspired by developments in two strands of economic theorising. Firstly, research on structural economic dynamics based on three sources: Hicks' work on traverse analysis, Pasinetti on disproportional growth and Goodwin on dynamic decomposition and economic fluctuations. The second strand goes back to Georgescu-Roegen's interest in an organisational theory of production based upon the interrelationship between tasks, fund factors and material transformations. The approach taken involves a comprehensive view of sub-units of the whole economic system (such as processes, industries, vertically integrated sectors, eigensectors) representing dynamics of structural adaptation and compositional change. Furthermore, a detailed representation of micro-organisational features leads to the analysis of networks and networking processes within and amongst such sub-units.

'This book is an interesting review and, at the same time, an attempt to give order to the subject of structural economic dynamics, a field of economic theory that is investigated in many different ways with a variety of alternative aims … the book shows that the work required to construct a unified model of structural change is still in progress, but of course the editors should not be blamed for this. On the contrary they are to be praised for having reduced the distances between important lines of research that at first sight may appear remote.' The Economic Journal

ISBN: 9780521114257

Dimensions: 229mm x 152mm x 21mm

Weight: 550g

376 pages