In this sequel to his widely praised classic study of "The
Stationary Economy," Nobel Prize winning economist J. E. Meade
continues his systematic treatment of the entire fi eld of economic
analysis. He uses a series of simplifi ed models designed to show
the interconnections between various specialist fi elds of economic
theory.
"The Growing Economy" departs from the position of static
equilibrium Meade assumes in "The Stationary Economy." Here he
deals with equilibrium growth. Meade introduces capital goods and
allows for growth through capital accumulation, population
expansion, and technical progress. He still assumes perfect
competition and the absence of indivisibilities, so that there are
constant returns to scale in the productive system and a given set
of consistent and independent preferences for each consumer.
In this volume, an attempt is made to discuss the theory of
economic growth with a minimum of mathematical analysis. In the
main text no diff erential or integral calculus is employed; such
mathematical techniques are used (sparingly) only in footnotes and
appendices, which the general reader may avoid. Meade's treatise
off ers students and specialists alike a general survey of theory
in a form that is assessable even for those with little
mathematical training. He takes into account the dynamics of trade,
increased demand, and new technology and their impact on growth. Th
is book carries the discussion a long way from the harmonious quiet
of the abstract model to the untidy, real world.
General
Imprint: |
AldineTransaction
|
Country of origin: |
United States |
Release date: |
March 2009 |
First published: |
1968 |
Authors: |
J.E. Meade
|
Dimensions: |
229 x 152 x 29mm (L x W x T) |
Format: |
Paperback
|
Pages: |
512 |
ISBN-13: |
978-0-202-36309-7 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-202-36309-0 |
Barcode: |
9780202363097 |
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