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Coordination and Growth: Essays in Honour of Simon K. Kuipers,
addresses a rich variety of coordination issues in macroeconomics.
It contains detailed studies in economic policy, monetary
economics, and growth theory and uses various methodologies to
address the coordination issue: from a pure theoretical to an
empirical econometric approach. It is stressed that modern
macroeconomics should focus on coordination issues. Imperfections
of various kinds are likely to lead to coordination failures, which
can lead to large welfare losses. Macroeconomists should address
the causes and implications of imperfections and failures. In this
book attempts are made to increase our knowledge in this field. The
book is a tribute to one of the leading Dutch macroeconomists,
Simon K. Kuipers. Simon Kuipers shows a major interest in the
theory of capital (following e.g. Harrod), growth theory (following
Solow), monetary theory (following Tobin), and disequilibrium
theory (following Malinvaud and Benassy). The lines of thought have
in common that they use frictions to explain the functioning of a
market economy. The nature of the frictions varies from pure
quantity rationing, like in the Malinvaud analysis, to imperfect
substitution of various capital goods (like in the vintage models
or assets (in the general monetary equilibrium models proposed by
Tobin). Kuipers is not only interested in pure theoretical
contributions, he also stimulates econometric work in line with the
Dutch tradition initiated by Tinbergen. His applied work relates to
policy analysis and policy prescriptions in many fields, ranging
from monetary economics to distortions in the labour market.
Kuipers can be classified as a true Keynesian, although he admires
neoclassical theory for its rigour and compactness. Better still,
he is an eclectic economist with an open eye for the different
schools of thought in macroeconomics.
Productivity, Technology and Economic Growth presents a selection
of recent research advances on long term economic growth. While the
contributions stem from both economic history, macro- and
microeconomics and the economics of innovation, all papers depart
from a common viewpoint: the key factor behind long term growth is
productivity, and the latter is primarily driven by technological
change. Most contributions show implicitly or explicitly that
technological change is at least partly dependent on growth itself.
Furthermore, technology appears to interact strongly with
investment in physical and human capital as well as with changes in
historical, political and institutional settings. Together these
papers are an up-to-date account of the remarkable convergence in
theoretical and empirical work on productivity and growth over the
past decades. The first part deals with the characteristics of
growth regimes over longer periods, ranging from 20 years to two
centuries. The next four chapters study the determinants of
productivity growth and, in some cases, productivity slowdown
during the last quarter of the twentieth century. The final five
chapters focus on the role of technology and innovation as the key
determinants of growth. Productivity, Technology and Economic
Growth is, therefore, a welcome collection for academic scholars
and graduate students in economics, history and related social
sciences as well as for policy makers.
Coordination and Growth: Essays in Honour of Simon K. Kuipers,
addresses a rich variety of coordination issues in macroeconomics.
It contains detailed studies in economic policy, monetary
economics, and growth theory and uses various methodologies to
address the coordination issue: from a pure theoretical to an
empirical econometric approach. It is stressed that modern
macroeconomics should focus on coordination issues. Imperfections
of various kinds are likely to lead to coordination failures, which
can lead to large welfare losses. Macroeconomists should address
the causes and implications of imperfections and failures. In this
book attempts are made to increase our knowledge in this field. The
book is a tribute to one of the leading Dutch macroeconomists,
Simon K. Kuipers. Simon Kuipers shows a major interest in the
theory of capital (following e.g. Harrod), growth theory (following
Solow), monetary theory (following Tobin), and disequilibrium
theory (following Malinvaud and Benassy). The lines of thought have
in common that they use frictions to explain the functioning of a
market economy. The nature of the frictions varies from pure
quantity rationing, like in the Malinvaud analysis, to imperfect
substitution of various capital goods (like in the vintage models
or assets (in the general monetary equilibrium models proposed by
Tobin). Kuipers is not only interested in pure theoretical
contributions, he also stimulates econometric work in line with the
Dutch tradition initiated by Tinbergen. His applied work relates to
policy analysis and policy prescriptions in many fields, ranging
from monetary economics to distortions in the labour market.
Kuipers can be classified as a true Keynesian, although he admires
neoclassical theory for its rigour and compactness. Better still,
he is an eclectic economist with an open eye for the different
schools of thought in macroeconomics.
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