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Capitalist development in the twentieth century: an evolutionary-Keynesian analysis

By: Contributor(s): Publication details: Cambridge Cambridge University Press 2001Description: xv, 286 pISBN:
  • 9780521341493
Subject(s): DDC classification:
  • 330.122
Summary: Capitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. Much current economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. Cornwall and Cornwall draw upon Schumpeterian, Institutional and Keynesian economics to investigate how far these swings in performance can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation. This approach allows for changes both in the economic structure and in the economic variables to be generated within the system. This innovative and original approach will be essential reading for macroeconomists and economic historians.
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Item type Current library Item location Shelving location Call number Status Date due Barcode
Books Vikram Sarabhai Library Rack 15-B / Slot 551 (0 Floor, West Wing) General Stacks 330.122 C6C2 (Browse shelf(Opens below)) Available 165833

Capitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. Much current economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. Cornwall and Cornwall draw upon Schumpeterian, Institutional and Keynesian economics to investigate how far these swings in performance can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation. This approach allows for changes both in the economic structure and in the economic variables to be generated within the system. This innovative and original approach will be essential reading for macroeconomists and economic historians.

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