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Growth Theory in Historical Perspective - Selected Essays of Theo van de Klundert (Hardcover)
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Growth Theory in Historical Perspective - Selected Essays of Theo van de Klundert (Hardcover)
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Growth Theory in Historical Perspective is a collection of thirteen
carefully selected essays by Theo van de Klundert which demonstrate
the development of growth theory over the past forty years. The
sequence of chapters reveals the shifts in focus which have
occurred since the first formal growth models of the 1940s and
1950s. He illustrates how the Keynesian paradigm was replaced by
neo-classical models, which in turn have been superseded by
theories of endogenous technical progress, the focus of growth
theory in the 1990s. The author explains how the theory of economic
growth is strongly shaped by ideas developed in the past. To this
extent the book provides a comprehensive overview of the
fundamentals of growth theory and develops important modern themes
such as firm-specific research and development and the relationship
between growth and international trade. Moreover, several of the
chapters explore themes which, in the author's view, have been
unfairly neglected in recent writings on the theory of growth.
These include the role of demand factors, vintage models and issues
of distribution, which he believes can still contribute to the
current thinking on growth theory. By balancing insights from old
and new theories of economic growth, this comprehensive book should
prove fascinating reading for students, researchers and scholars of
growth theory.
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