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Economics in a Changing World: Economic Growth and Capital and Labour Markets Vol 5 (International Economic Association S.)
Anthony B. Atkinson
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Description for Economics in a Changing World: Economic Growth and Capital and Labour Markets Vol 5 (International Economic Association S.)
Hardcover. This text examines how growth patterns have changed since the 1970s, to which capital and the labour market have failed to adapt. The book shows how the presence of high unemployment is at odds with the development of the growth theory, which relies on an equilibrium full employment framework. Series: International Economic Association. Num Pages: 297 pages, biography. BIC Classification: KCB; KCF; KCL; KCP. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 216 x 140 x 27. Weight in Grams: 530.
Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short ... Read more
Growth patterns have changed radically over the last two decades, to which capital and the labour markets appear to have failed to adapt. Unemployment in Europe has been growing, almost without remission, to levels unseen since the Great Depression. These facts are somewhat at odds with the development of growth theory which has mainly been orientated towards an equilibrium full employment framework. The main message of equilibrium theory of fluctuations was precisely that the policy maker is impotent. Now, with the universal acceptance of endogenous growth theory, the common concensus proposition would be `we are all neo-classical for the short ... Read more
Product Details
Format
Hardback
Publication date
1995
Publisher
Palgrave Macmillan
Number of pages
304
Condition
New
Series
International Economic Association
Number of Pages
265
Place of Publication
Basingstoke, United Kingdom
ISBN
9780333601273
SKU
V9780333601273
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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