The Path of Economic Growth [Paperback]

This study, first published in 1976, explores the theory and impact of economic growth.This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli  changes in labour supply, in natural resources and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli  changes in labour supply, in natural resources and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.The writings on the theory of economic growth share almost without exception two characteristics  they deal exclusively with steady growth or equilibrium dynamics, and they try to predict the actual course of long-term development on the basis of greatly oversimplified behaviour assumptions. This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli  changes in labour supply, in natural resources, and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.Preface; Acknowledgements; Part I. The Basic Model: 1. Introduction: scope and method; 2. Patterns of economic growth; 3. A schema of industrial production; 4. The circulation of fixed capital; 5. The circulation of working capital; 6. The stationary process in operation: structure analysis; 7. The stationary process in operation: force analysis; 8. Transition to dynamic equilibrium; 9. Dynamic equilibrium: structure analysis; 10. Dynamic equilibrium: force analysis; Part II. Changes in the Rate of Change: The Dynamics ol*