Capitalist Development in the Twentieth Century

An Evolutionary-Keynesian Analysis
Erscheinungsjahr 2007
ISBN: 978-0-521-34942-0
Verlag: Cambridge University Press

Buch, Englisch, 302 Seiten, Format (B × H): 152 mm x 229 mm, Gewicht: 496 g

Reihe: Modern Cambridge Economics Series

Capitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. A lot of economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. This 2001 book draws 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 study will be essential reading for macroeconomists and economic historians.

Autoren/Hrsg.

Cornwall, John

Cornwall, Wendy

Deane, Phyllis

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Mikroökonomie

Inhaltsverzeichnis

List of figures; List of tables; Foreword David Colander; Preface; Part I. Framework: 1. Economic development and economic performance; 2. The stylized facts; 3. The neoclassical analysis of unemployment; 4. An extended Keynesian model; 5. Institutions and power; 6. Evolutionary and hysteretic processes; 7. Theories of capitalist development; Part II. Explaining the Development Record: 8. Understanding the Great Depression; 9. Foundations of the golden age; 10. The golden age; 11. Unemployment; Part III. Political Control of the Economy: 12. Unemployment and the distribution of power; 13. A neoliberal future?; Bibliography; Index.

Über Autor(innen)

Cornwall, John
John Cornwall, FRSC, is Professor Emeritus in the Economics Department, Dalhousie University.

Cornwall, Wendy
Wendy Cornwall is Professor of Economics in the Economics Department at Mount Saint Vincent University.