Causes of Growth and Stagnation in the World Economy [Paperback]

These lectures contain a masterful summing-up of Nicholas Kaldor's critique of the foundations of mainstream economic theory.These lectures contain a masterful summing-up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time.These lectures contain a masterful summing-up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time.These lectures contain a masterful summing up of Nicholas Kaldor's critique of the foundations of mainstream economic theory. They provide a very clear account of his theoretical structures on regional differences, primary producers and manufacturers, and on differing market structures and the likely course of prices and quantities in different markets over time. The first four lectures are concerned with theory, history and explanation; the fifth consists of a detailed set of integrated policy proposals.Preface; Acknowledgements; 1. First lecture: equilibrium theory and growth theory; 2. Second lecture: alternative approaches to growth theory; 3. Third lecture: the problem of intersectoral balance; 4. Fourth lecture: the effects of interregional and international competition; 5. Fifth lecture: policy implications of the current world situation; 6. Discussion; 7. Nicholas Kaldor, a biography A. P. Thirlwall; Bibliography of the works of Nicholas Kaldor Ferdinando Targetti; Bibliography of works cited; List of abbreviations; Index.