Resources, Production and Structural Dynamics
Roberto Scazzieri editor Mauro L Baranzini editor Claudia Rotondi editor
Format:Paperback
Publisher:Cambridge University Press
Published:9th Jan '20
Currently unavailable, and unfortunately no date known when it will be back
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- Hardback£72.00(9781107079090)
New approach to the economic theory of resources, showing the positive role that scarcities can play in triggering economic growth.
Resources, Production and Structural Dynamics offers a fresh approach to the economic theory of resources, outlining a new structural framework for the political economy of scarcity and rents, and proposing a novel way of organising empirical evidence concerning the role of resources in industrial growth.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.
'Post-crisis economic thought is mainly focussed on macro-economics or financial markets, usually ignoring the fact that political economy is, and always has been, their critical setting. Exceptionally, this major work by leading scholars treats the long-standing topics of political economy - resources, scarcities and rents - in a coherent modern framework important for both theory and future policy.' Michael Dempster, University of Cambridge
'This marvellous collection brings together some of the finest scholars interested in the questions arising from the subtle and complex interplay between natural resources, technological change, and political economy. This is a sophisticated and wide-ranging volume, on a timely and important topic.' Joel Mokyr, Northwestern University, Illinois
'This book is a great example of how economic theories and applied economics can really support political decisions. The analysis based on structural dynamics helps the reader in understanding even hidden links between different economic systems and markets, especially in the long run. A new tool of political economy for scholars and decision makers.' Romano Prodi, University of Bologna and former President of the European Commission
ISBN: 9781107437319
Dimensions: 229mm x 152mm x 29mm
Weight: 800g
519 pages