Growth and Distribution : Second Edition

Authors Foley, Michl, and Tavani offer 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. 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. 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-Class Models of Wealth Accumulation 18. Global Warming References Index This Comprehensive Book On The Theory, Measurement, And History Of Economic Growth Presents Classical And Keynesian In Parallel With Neoclassical Approaches, And The New Variant, Neoliberal Capitalism. It Covers Growth Theory, Tools Of Intertemporal Economic Analysis, Money And Growth, Technological Change, The 2008 Financial Crisis, The Rise Of Inequality, Along With Technological Change, Land And Resource Limitations, And Climate Change.-- Duncan K. Foley, Thomas R. Michl, Daniele Tavani. Includes Bibliographical References (pages 375-386) And Index. This comprehensive book on the theory, measurement, and history of economic growth presents Classical and Keynesian in parallel with Neoclassical approaches, and the new variant, neoliberal capitalism. It covers growth theory, tools of intertemporal economic analysis, money and growth, technological change, the 2008 financial crisis, the rise of inequality, along with technological change, land and resource limitations, and climate change.-- Provided by publisher