Capitalist Development in the Twentieth Century: An Evolutionary-Keynesian Analysis

ISBN-13: 9780521341493 / Angielski / Twarda / 2001 / 304 str.

Nova Scotia) John Cornwall (Dalhousie University; Nova S Halifax Wendy Cornwall (Mount St Vincent University

Opis

Capitalism in the twentieth century has been marked by periods of persistent bad performance alternating with episodes of good performance. Cornwall and Cornwall draw upon Schumpterian, Institutional and Keynesian economics to investigate how far these swings can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the economy in the course of industrialization and transformation.

Recenzje

'The authors are to be congratulated for crafting a highly readable volume that combines a compelling account of recent capitalist history with contributions to the methods of evolutionary and Keynesian analyses. This book is essential reading for all who are interested in capitalist development and in the methods and application of non-mainstream macroeconomics.' Journal of Economic Issues

Spis treści

List of figures; List of tables; Foreword David Colander; Preface; Part I. Framework: 1. Economic development and economic performance; 2. The stylized facts; 3. The neoclassical analysis of unemployment; 4. An extended Keynesian model; 5. Institutions and power; 6. Evolutionary and hysteretic processes; 7. Theories of capitalist development; Part II. Explaining the Development Record: 8. Understanding the Great Depression; 9. Foundations of the golden age; 10. The golden age; 11. Unemployment; Part III. Political Control of the Economy: 12. Unemployment and the distribution of power; 13. A neoliberal future?; Bibliography; Index.