Growth Theory, vol Three volume set

Edited by Robert Becker and Edwin Burmeister

in Books from Edward Elgar Publishing

Abstract: This major three volume work provides a comprehensive and authoritative selection of the most important articles and papers on growth theory. Volume I focuses on theories that attempt to explain the stylized facts of growth. Volume II includes the most important articles on normative models of the growth process. Volume III integrates the positive analysis found in the first volume with the welfare approach found in the second volume. Taken together, these volume depict the development of growth models from the early aggregative theory without explicitly optimizing agents to the current practice of formulating growth models with an explicit microeconomic foundation for consumption and investment decisions. Both the questions and methods of the new equilibrium approach to growth theory are adapted from optimal growth theory. In this sense, the descriptive and normative theories are intertwined and elements of both points of view may be found in each of the three volumes.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 1990
ISBN: 9781852781897
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