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Growth and Distribution
Second Edition
Duncan K. Foley,Thomas R. Michl,Daniele Tavani
- English
- PDF
- Available on iOS & Android
Growth and Distribution
Second Edition
Duncan K. Foley,Thomas R. Michl,Daniele Tavani
About This Book
A major revision of an established textbook on the theory, measurement, and history of economic growth, with new material on climate change, corporate capitalism, and innovation. Authors Duncan Foley, Thomas Michl, and Daniele Tavani present Classical and Keynesian approaches to growth theory, in parallel with Neoclassical ones, and introduce students to advanced tools of intertemporal economic analysis through carefully developed treatments of land- and resource-limited growth. They cover corporate finance, the impact of government debt and social security systems, theories of endogenous technical change, and the implications of climate change. Without excessive formal complication, the models emphasize rigorous reasoning from basic economic principles and insights, and respond to students' interest in the history and policy dilemmas of real-world economies.In addition to carefully worked out examples showing how to use the analytical techniques presented, Growth and Distribution presents many problems suitable for inclusion in problem sets and examinations. Detailed answers to these problems are available. This second edition includes fresh data throughout and new chapters on climate change, corporate capitalism, models of wealth inequality, and technical change.
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Table of contents
- Cover
- Title Page
- Copyright
- Dedication
- Contents
- Preface to the Second Edition
- Preface to the First Edition
- Notation
- 1. Introduction
- 2. Measuring Growth and Distribution
- 3. Models of Production
- 4. The Labor Market
- 5. Models of Consumption and Saving
- 6. Classical Models of Economic Growth
- 7. Induced Technical Change, Growth, and Cycles
- 8. Biased Technical Change in the Classical Model
- 9. Endogenous Technical Change
- 10. The Neoclassical Growth Model
- 11. Technical Change in the Neoclassical Model
- 12. Demand-Constrained Economic Growth
- 13. Land-Limited Growth
- 14. Exhaustible Resources
- 15. Corporate Capitalism
- 16. Government Debt and Social Security: The Overlapping Generations Model
- 17. Two-ClassModels ofWealth Accumulation
- 18. Global Warming
- References
- Index