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Angus Maddison has made a major contribution to our understanding
of the comparative, historical and quantitative aspects of economic
growth. This important collection of his work - including a number
of original new essays - offers an authoritative analysis of the
economic performance of nations. Drawing extensively on
quantitative and qualitative evidence, Professor Maddison provides
a clear view of why growth rates differ, why real income and
productivity spreads are so wide, and why the pace of growth has
varied over time. The first section features essays which provide
an analytical framework for causal analysis of growth performance,
this is followed by papers on investment and capital stock
estimation, savings behaviour and measurement of economic
performance levels. There are three essays on the roots of economic
'backwardness' and the final section deals with the effect of
economic and social policy on the performance of advanced
capitalist countries. These essays offer a depth of historical and
interspatial perspective which is unrivalled. In addition to
focusing on the influences of institutions, ideology and
colonialism, Professor Maddison's analysis makes sophisticated use
of the growth accounting approach. A specially-written
autobiographical essay has also been included.
Class Structure and Economic Growth was first published in 1971.
First published in 2005. Routledge is an imprint of Taylor &
Francis, an informa company.
Hailed a "an outstanding contribution to our knowledge of the way
in which western economies work" ["Times Literary Supplement"],
this penetrating study of economic growth compares and analyzes tic
rates of economic advance in the twelve leading countries that
comprise the industrial West. Mr. Maddison examines why, after
relative stagnation for several decades, the rate of economic
development accelerated in continental Europe in the 1950s, whether
this represented a new economic pattern which could be maintained
or was only a passing phase of recovery after World War II. He
observes that the economies of North America and the United Kingdom
seemed by comparison almost to stand still, and he explores the
influence of economic policy on the differing growth rates, and the
growth potentials and desirable lines of policy in the industrial
West. He then discusses the major powers policy problems, whose
outcome so closely affects the developing nations.
Mr. Maddison presents basic statistical series, going back to 1870
in most cases, on gross national products, productivity,
population, labor force, employment, working hours, investment and
capital-output ratios. He draws upon this rich fund of comparative
statistics with skill and insight, relating it throughout to the
broad questions of economic policy which are at issue. This classic
book was first published in 1964.
In terms of output, the USSR and Japan account for one-fifth of the
world's economy, occupying second and third places behind the
United States. Japan has the world's fastest growth of per capita
income and the USSR has not lagged far behind. But a century ago
they were static feudal societies. This study analyzes the policies
which enabled them to transform their economies adn to catch up
with the developed world.
The strategies of the two nations adopted have been very different:
Japan has maintained small farms and factories, developed a
labor-intensive technology, and has successfully penetrated the
world export markets. The USSR, on the other hand, has created
giant farms and factories adn remained fairly isolated from world
trade. Since 1945 teh USSR has devoted one-eighth of her resources
to military purposes, Japan practically nothing.
In "Economic Growth in Japan and the USSR, "Angus Maddison offers a
comparative analysis of the growth experience of these two
countries that greatly enlarges our knowledge of the development
process. A better understanding of their past experience can be
particularly illuminating and relevant for economic policy in
developing countries today. This classic text was first published
in 1969.
First published in 1982. Unemployment was a major scourge of the
advanced capitalist countries in the 1930s, but in the golden age
of post-war expansion which lasted until 1973, it had seemingly
been vanquished by enlightened economic policy. Since 1973,
unemployment has re-emerged as a major problem, along with
accelerated inflation and problems of structural adjustment imposed
by soaring energy prices. The rise in European unemployment came in
two surges as a result of the generalised recessions of 1974-5 and
1980-1. At the beginning of 1982 unemployment in the European
Community was running close to 10% of the labour force compared
with a 'norm' of under 2% in the 1960s. These abrupt and serious
changes in the labour market have created major new dilemmas for
economic policy and have stirred significant and acrimonious
theoretical controversy. For this reason it is useful to analyse
the policy issues and the academic debate in a comparative
perspective. The present volume contains three comparative papers
on the employment policy discussions in Germany, the Netherlands
and the UK as well as papers examining the theoretical adequacy of
Keynesian, monetarist, structuralist and Marxist reactions to the
new issues. The papers are all accompanies by a critique from the
discussants.
The rapidly increasing importance of China, India, Indonesia,
Japan, South Korea and Taiwan both in Asia and in the world
economy, represents a trend that is set to continue into the 21st
century. This book provides an authoritative assessment of the 20th
century performance of these countries, and in particular the
factors contributing to the acceleration of Asian growth in the
latter part of the century. The contributors look at Asia within a
global perspective and detailed comparisons are drawn with
Australia and the USA. Contributions from leading experts offer a
comprehensive review of the procedures necessary to establish valid
international comparisons for countries with very different
economic histories and levels of development. These include methods
of growth performance measurement and techniques of growth
accounting. The Asian Economies in the Twentieth Century will be an
indispensable new tool for policy analysts, international agencies
and academic researchers.
First published in 1982. Unemployment was a major scourge of the
advanced capitalist countries in the 1930s, but in the golden age
of post-war expansion which lasted until 1973, it had seemingly
been vanquished by enlightened economic policy. Since 1973,
unemployment has re-emerged as a major problem, along with
accelerated inflation and problems of structural adjustment imposed
by soaring energy prices. The rise in European unemployment came in
two surges as a result of the generalised recessions of 1974-5 and
1980-1. At the beginning of 1982 unemployment in the European
Community was running close to 10% of the labour force compared
with a 'norm' of under 2% in the 1960s. These abrupt and serious
changes in the labour market have created major new dilemmas for
economic policy and have stirred significant and acrimonious
theoretical controversy. For this reason it is useful to analyse
the policy issues and the academic debate in a comparative
perspective. The present volume contains three comparative papers
on the employment policy discussions in Germany, the Netherlands
and the UK as well as papers examining the theoretical adequacy of
Keynesian, monetarist, structuralist and Marxist reactions to the
new issues. The papers are all accompanies by a critique from the
discussants.
This book was first published in 1971.
Hailed a "an outstanding contribution to our knowledge of the way
in which western economies work" [Times Literary Supplement], this
penetrating study of economic growth compares and analyzes tic
rates of economic advance in the twelve leading countries that
comprise the industrial West. Mr. Maddison examines why, after
relative stagnation for several decades, the rate of economic
development accelerated in continental Europe in the 1950's,
whether this represented a new economic pattern which could be
maintained or was only a passing phase of recovery after World War
II. He observes that the economies of North America and the United
Kingdom seemed by comparison almost to stand still, and he explores
the influence of economic policy on the differing growth rates, and
the growth potentials and desirable lines of policy in the
industrial West. He then discusses the major powers' policy
problems, whose outcome so closely affects the developing nations.
Mr. Maddison presents basic statistical series, going back to 1870
in most cases, on gross national products, productivity,
population, labor force, employment, working hours, investment and
capital-output ratios. He draws upon this rich fund of comparative
statistics with skill and insight, relating it throughout to the
broad questions of economic policy which are at issue. This classic
book was first published in 1964.
In terms of output, the USSR and Japan account for one-fifth of the
world's economy, occupying second and third places behind the
United States. Japan has the world's fastest growth of per capita
income and the USSR has not lagged far behind. But a century ago
they were static feudal societies. This study analyzes the policies
which enabled them to transform their economies adn to catch up
with the developed world. The strategies of the two nations adopted
have been very different: Japan has maintained small farms and
factories, developed a labor-intensive technology, and has
successfully penetrated the world export markets. The USSR, on the
other hand, has created giant farms and factories adn remained
fairly isolated from world trade. Since 1945 teh USSR has devoted
one-eighth of her resources to military purposes, Japan practically
nothing. In Economic Growth in Japan and the USSR, Angus Maddison
offers a comparative analysis of the growth experience of these two
countries that greatly enlarges our knowledge of the development
process. A better understanding of their past experience can be
particularly illuminating and relevant for economic policy in
developing countries today. This classic text was first published
in 1969.
First published in 2005. Routledge is an imprint of Taylor &
Francis, an informa company.
In this study, Angus Maddison explores the causes of the West's
economic growth over the last 2,000 years and contrasts it with the
economic history of the rest of the world. Maddison explores the
impact of Western conquest on the Americas and analyzes the
indigenous and external forces that hindered advance in Asia and
Africa. He debunks the notion that the Western ascension originated
in the industrial revolution in England in the late eighteenth
century. His unique analysis suggests that Western Europe overtook
Chinese levels of per-capita income in the fourteenth century, in
sharp contrast to the prevailing scholarship asserting that China
was ahead of Europe until 1800. Growth and Interaction in the World
Economy provides guidance on the broad contours of development,
which complements qualitative analysis that, on its own, cannot
clearly identify the timing and scope of economic changes.
This book seeks to identify the forces which explain how and why
some parts of the world have grown rich and others have lagged
behind. Encompassing 2000 years of history, part 1 begins with the
Roman Empire and explores the key factors that have influenced
economic development in Africa, Asia, the Americas and Europe. Part
2 covers the development of macroeconomic tools of analysis from
the 17th century to the present. Part 3 looks to the future and
considers what the shape of the world economy might be in 2030.
Combining both the close quantitative analysis for which Professor
Maddison is famous with a more qualitative approach that takes into
account the complexity of the forces at work, this book provides
students and all interested readers with a totally fascinating
overview of world economic history. Professor Maddison has the
unique ability to synthesise vast amounts of information into a
clear narrative flow that entertains as well as informs, making
this text an invaluable resource for all students and scholars, and
anyone interested in trying to understand why some parts of the
World are so much richer than others.
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