The Economics of Demand-Led Growth

Edited by Mark Setterfield

in Books from Edward Elgar Publishing

Abstract: The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of demand-led growth. Long-run growth is usually portrayed as a supply-determined process. The contributions to this volume, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long-run, the volume contains essays in the Kaldorian and Kaleckian traditions, and a section on the relationship between demand-led growth and structural change. The conclusion reached is that current neglect of the role of demand in analyses of long-run growth is unwarranted.

Keywords: Economics and Finance (search for similar items in EconPapers)
JEL-codes: D7 (search for similar items in EconPapers)
Date: 2002
ISBN: 9781840641776
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Citations: View citations in EconPapers (256)

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Chapters in this book:

Ch 1 Introduction: A Dissenter's View of the Development of Growth Theory and the Importance of Demand-Led Growth

Mark Setterfield

Ch 2 Keynesian Macroeconomics and the Theory of Economic Growth: Putting Aggregate Demand Back in the Picture

Thomas Palley

Ch 3 The Exogeneity of Investment: From Systemic Laws of Accumulation and Growth to Effective Demand Conditions

Joseph Halevi and Rééduane Taouil

Ch 4 Growth and Fluctuations in the USA: A Demand-Oriented Explanation

H. Sonmez Atesoglu

Ch 5 A Neo-Kaldorian Perspective on the Rise and Decline of the Golden Age

Mark Setterfield and John Cornwall

Ch 6 The Role of the Balance of Payments in Economic Growth

John McCombie and Mark Roberts

Ch 7 Pitfalls in the Theory of Growth: An Application to the Balance-of-Payments-Constrained Growth Model

Thomas Palley

Ch 8 Distribution, Demand and Growth in Neo-Kaleckian Macro-Models

Robert Blecker

Ch 9 Longer-run Aspects of Kaleckian Macroeconomics

Tracy Mott

Ch 10 The Kaleckian Growth Model with Target Return Pricing and Conflict Inflation

Marc Lavoie

Ch 11 Conflict, Inflation, Distribution and Terms of Trade in the Kaleckian Model

Mario Cassetti

Ch 12 A Model of Kaldorian Traverse: Cumulative Causation, Structural Change and Evolutionary Hysteresis

Mark Setterfield

Ch 13 Endogenous Demand in the Theory of Transformational Growth

George Argyrous

Ch 14 Notes on the Transformational Growth of Demand

Edward J. Nell

Ch 15 Is a Biased Technological Change Fuelling Dualism?

Pascal Petit and Luc Soete

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