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: |
Routledge
|
Country of origin: |
United Kingdom |
Release date: |
August 2017 |
First published: |
1968 |
Authors: |
J.E. Meade
|
Dimensions: |
229 x 152mm (L x W) |
Format: |
Hardcover
|
Pages: |
512 |
ISBN-13: |
978-1-138-53606-7 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
1-138-53606-7 |
Barcode: |
9781138536067 |
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