In the past, the theory of economic growth has been chained to the rock of equilibrium. In this book the authors break free and present institutional transformation as a central feature of growth. New arenas for theory emerge. These are developed in sections covering demand-constrained growth; the nature and role of technical change; the modeling of cycles and catastrophes in a growing economy. Many of the contributions present formal models, but introduce them within an explanatory framework making it possible to read the book as an introduction to the philosophy of post-neoclassical economics as well as a presentation of new findings.
- ISBN10 0333494768
- ISBN13 9780333494769
- Publish Date 6 December 1991
- Publish Status Out of Print
- Out of Print 12 October 1995
- Publish Country GB
- Imprint Palgrave Macmillan
- Format Hardcover
- Pages 372
- Language English