Sustaining structural change: Malthus's heritage

Mario Amendola (), Claude Froeschlé and Jean-Luc Gaffard
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Mario Amendola: UNIROMA - Università degli Studi di Roma "La Sapienza" = Sapienza University [Rome]
Claude Froeschlé: CASSIOPEE - Laboratoire de Cosmologie, Astrophysique Stellaire & Solaire, de Planétologie et de Mécanique des Fluides - UNS - Université Nice Sophia Antipolis (1965 - 2019) - INSU - CNRS - Institut national des sciences de l'Univers - Observatoire de la Côte d'Azur - UniCA - Université Côte d'Azur - CNRS - Centre National de la Recherche Scientifique

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Abstract: By putting Malthus' and Smith's viewpoints in different dynamic perspectives this paper aims to show important aspects of out of equilibrium processes of change; in particular the distortion of productive capacity associated with a structural modification and its effects over time. It is stressed that—abstracting from particular cases, of which endogenous growth is certainly one—some kind of external intervention appears as an essential element for the viability of the out of equilibrium processes of change caused by structural modifications.

Date: 1993-06
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Published in Structural Change and Economic Dynamics, 1993, 4 (1), pp.65 - 79

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