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Production and Economic Dynamics (Hardcover, New)
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Production and Economic Dynamics (Hardcover, New)
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This volume is inspired by developments in two strands of economic
theorising. Firstly, research on structural economic dynamics based
on three sources: Hicks' work on traverse analysis, Pasinetti on
disproportional growth and Goodwin on dynamic decomposition and
economic fluctuations. The second strand goes back to
Georgescu-Roegen's interest in an organisational theory of
production based upon the interrelationship between tasks, fund
factors and material transformations. The approach taken involves a
comprehensive view of sub-units of the whole economic system (such
as processes, industries, vertically integrated sectors,
eigensectors) representing dynamics of structural adaptation and
compositional change. Furthermore, a detailed representation of
micro-organisational features leads to the analysis of networks and
networking processes within and amongst such sub-units.
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