000			09091aam a2200229 4500
008			210325b2019 ||||| |||| 00| 0 eng d
020			_a9780674986428
082			_a338.9 _bF6G7
100			_aFoley, Duncan, K. _92511875
245			_aGrowth and distribution
250			_a2nd
260			_bHarvard University Press _c2019 _aCambridge
300			_axx, 394 p.: ill. _bIncludes bibliographical references and index
504			_aTable of contents 1. Introduction 1.1. Economic Growth in Historical Perspective 1.2. Quality and Quantity 1.3. Human Relationships 1.4. Economic Theories of Growth 1.5. Using This Book 1.6. Suggested Readings 2. Measuring Growth and Distribution 2.1. Measuring Output and Inputs 2.2. Time and Production 2.3. A Note on Units 2.4. Technology in the Real World 2.5. The Uses of Output: Investment and Consumption 2.6. The Social Consumption-Growth Rate Schedule 2.7. The Distribution of Income: Wages and Profit 2.8. The Real Wage-Profit Rate Schedule 2.9. Income Shares 2.10. The Growth-Distribution Schedule 2.11. Changes in Labor and Capital Productivity 2.12. Comparing Economies 2.13. Global Economic Leadership 2.14. Labor Productivity Growth in Real Economies 2.15. Stylized Facts 2.16. Suggested Readings 3. Models of Production 3.1. Accounting Frameworks and Explanatory Models 3.2. A Model of Production 3.3. Agents and Distribution 3.4. Social Accounting Matrix 3.5. Choice of Technique and Production Functions 3.6. Particular Production Functions 3.7. Classifying Technical Change 3.8. Two-Sector Growth-Distribution Schedules 3.9. Models of Production and Models of Growth 3.10. Suggested Readings 4. The Labor Market 4.1. Models of Economic Growth 4.2. Demand for Labor 4.3. The Classical Conventional Wage Model 4.4. The Neoclassical Full Employment Model 4.5. Toward a Model of Economic Growth 4.6. Growth in Real Economies 4.7. Suggested Readings 5. Models of Consumption and Saving 5.1. A Two-Period Consumption-Saving Model 5.2. An Infinite-Horizon Model 5.3. The Constant Saving Rate Model 5.4. Saving Rates and Growth Rates 5.5. Suggested Readings 6. Classical Models of Economic Growth 6.1. The Classical Conventional Wage Model 6.2. Comparative Dynamics in the Conventional Wage Model 6.3. Labor-Saving Technical Change in the Classical Model 6.4. Choice of Technique in the Classical Model 6.5. A Classical Model of Growth with Full Employment 6.6. Choice of Technique in the Classical Full Employment Model 6.7. Growth and Cycles 6.8. The Classical Approach to Growth 6.9. Suggested Readings 7. Induced Technical Change, Growth, and Cycles 7.1. The Induced Invention Hypothesis 7.2. Induced Technical Change in the Classical Full Employment Model 7.3. Growth Cycles with Induced Technical Change 7.4. Comparative Dynamics 7.5. Conclusions 7.6. Suggested Readings 8. Biased Technical Change in the Classical Model 8.1. The Classical ConventionalWage Share Model with Biased Technical Change 8.2. Viability of Technical Change 8.3. Biased Technical Change and the Fossil Production Function 8.4. The Classical Full Employment Model with Marx-Biased Technical Change 8.5. Reverse Marx-Biased Technical Change 8.6. One Vision of Economic Growth 8.7. Suggested Readings 9. Endogenous Technical Change 9.1. Technical Change in a Capitalist Economy 9.2. Learning by Doing 9.3. R&D Investment in Technical Change 9.4. How Much R&D? 9.5. Steady State Growth with No Persistent Effects of R&D 9.6. Steady State Growth with Persistent Effects of R&D 9.7. Persistent Effects of R&D with a Conventional Wage Share 9.8. Suggested Readings 10. The Neoclassical Growth Model 10.1. The Solow–Swan Model 10.2. The Intensive Production Function 10.3. Saving, Population, and Steady State Growth 10.4. The Solow–Swan Model and the Growth-Distribution Schedule 10.5. The Complete Model 10.6. Substitution and Distribution 10.7. Comparative Dynamics 10.8. Transitional Dynamics 10.9. Limitations of the Solow–Swan Model 10.10. Suggested Readings 11. Technical Change in the Neoclassical Model 11.1. Technical Change and the Production Function 11.2. The Solow–Swan Model with Harrod-Neutral Technical Change 11.3. Growth Accounting 11.4. Classical and Neoclassical Interpretations of the Residual 11.5. Comparative Dynamics in the Solow–Swan Model 11.6. Transitional Dynamics in the Solow–Swan Model 11.7. Suggested Readings Appendix: Deriving the Convergence Equation 12. Demand-Constrained Economic Growth 12.1. The Global Crisis 12.2. Measuring Demand Shocks 12.3. Saving, Investment, and Output 12.4. A Model of Demand-Constrained Growth 12.5. Equilibrium in the Demand-Constrained Model 12.6. Comparative Dynamics in the Demand-Constrained Model 12.7. Profit-Led or Wage-Led Growth? 12.8. Long Run or Short Run? 12.9. The Distributive Curve 12.10. The Keynesian Contribution to Growth Theory 12.11. Suggested Readings Appendix: The Marglin–Bhaduri Model 13. Land-Limited Growth 13.1 Non-Reproducible Resources 13.2 Ricardo’s Stationary State 13.3 Production with Land 13.4 The Capitalist’s Decision Problem with Land 13.5 The Arbitrage Principle 13.6 Equilibrium Conditions 13.7 The Abundant Land Regime 13.8 The Scarce Land Regime 13.9 From the Abundant to the Scarce Land Regime 13.10 Lessons of the Land-Limited Model 13.11 Suggested Readings 14. Exhaustible Resources 14.1. Growth with an Exhaustible Resource 14.2. Production with an Exhaustible Resource 14.3. Saving and Portfolio Choice 14.4. The Growth Path 14.5. Exhaustible Resources in the Real World 14.6. Suggested Readings 15. Corporate Capitalism 15.1. Accounting in the Corporate Capitalist Economy 15.2. Stocks and the Capitalist Decision Problem 15.3. Investment-Saving Equilibrium 15.4. The Corporate Capitalist Model 15.5. Stock Prices and the Asset Market 15.6. The Rentier Capitalist Regime 15.7. The Managerial Capitalist Regime 15.8. The Hybrid Capitalist Regime 15.9. Corporate Saving and the Equity Yield 15.10. Ownership and Control 15.11. An Application 15.12. Suggested Readings 16. Government Debt and Social Security: The Overlapping Generations Model 16.1. Government Finance and Accumulation 16.2. Government and Private Budget Constraints 16.3. Saving and Consumption with Selfish Households 16.4. Accounting in the Overlapping Generations Model 16.5. A Classical Overlapping Generations Growth Model 16.6. A Neoclassical Overlapping Generations Growth Model 16.7. Pareto-Efficiency in the Overlapping Generations Model 16.8. Analyzing Social Security and Budget Deficits 16.9. Social Security in the Overlapping Generations Model 16.10. Government Debt in the Overlapping Generations Model 16.11. The Lessons of the Overlapping Generations Model 16.12. Suggested Readings 17. Two-Class Models of Wealth Accumulation 17.1. Worker and Capitalist Saving 17.2. Accounting in the Two-Class Models 17.3. Accumulation with a Conventional Wage 17.4. Accumulation in the Full Employment Model 17.5. Wealth Distribution in the United States 17.6. Conclusions 17.7. Suggested Readings Appendix: Stability in the Full Employment Model 18. Global Warming 18.1. Global Warming and Economic Growth 18.2. Production with Greenhouse Gas Emissions 18.3. Saving and Portfolio Choice 18.4. The Growth Path with Fossil-Fuel Technology 18.5. The Growth Path with Solar Technology 18.6. Coordinated Growth with Global Warming 18.7. Optimal and BAU Growth Paths 18.8. Centralized and Decentralized Economic Control 18.9. Suggested Readings
520			_aA 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. https://www.hup.harvard.edu/catalog.php?isbn=9780674986428
650			_aIncome distribution _92511876
650			_aEconomic development _92511877
650			_aDevelopment economics _92511878
700			_aMichl, Thomas R. _eCo-author _92511879
700			_aTavani, Daniele _eCo-author _92511880
942			_2ddc _cBK
999			_c810328 _d810328