Name: Why the Poor get Richer and the Rich Slow Down: Essays in the Marshallian Long Period (en Inglés)
Price: 50020.00 CLP
Availability: InStock
Author: W. W. Rostow
ISBN: 9780292729636

portada Why the Poor get Richer and the Rich Slow Down: Essays in the Marshallian Long Period (en Inglés)

Formato

Libro Físico

Editorial

University Of Texas Press

Autor

W. W. Rostow

Año

2011

Idioma

Inglés

N° páginas

394

Encuadernación

Tapa Blanda

ISBN

0292729634

ISBN13

9780292729636

Categorías

Historia de la economía

Why the Poor get Richer and the Rich Slow Down: Essays in the Marshallian Long Period (en Inglés)

W. W. Rostow (Autor) · University Of Texas Press · Tapa Blanda

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Reseña del libro "Why the Poor get Richer and the Rich Slow Down: Essays in the Marshallian Long Period (en Inglés)"

Bearing on fundamental issues of economic theory, history, and public policy, this volume elaborates and goes beyond themes enunciated in W. W. Rostow's previous works. The eight essays presented here are unified by the author's insistence that neo-Keynesian and neoclassical theory are an inadequate basis for economic analysis and policy prescription. Changes in technology and in the supply of energy, food, and raw materials, he contends, must be taken into account. The scale and character of the investments required to respond to these changes link his analysis back to conventional income analysis. Rostow outlines in several contexts the framework for a general, disaggregated theory of production and prices that meets this criterion. The theoretical and historical essays include a review and unification of various long-cycle theories; a formal mathematical model of the Kondratieff cycle; a review of theories relating technology and the price system, including Rostow's own formulation of the appropriate linkage; a lengthy analysis of the pre-1914 relation between money and prices, including a detailed critique of modern monetarist interpretations; and an analysis of the proposition that economic growth assumes an S-shaped path of acceleration and deceleration. The policy essays include an examination of the links between energy-related investment, full employment, and patterns of regional development in the United States; the discussion of an appropriate framework and procedure for North-South international economic negotiations; and the text of a 1965 talk on inflation that touches on the relations among economics, economists, and the performance of societies as a whole.