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Structural Economic Dynamics

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  • Pasinetti,Luigi

Abstract

This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies.

Suggested Citation

  • Pasinetti,Luigi, 2006. "Structural Economic Dynamics," Cambridge Books, Cambridge University Press, number 9780521029766.
    • Handle: RePEc:cup:cbooks:9780521029766
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    Cited by:

    1. Grodzicki, Maciej J. & Skrzypek, Jurand, 2020. "Cost-competitiveness and structural change in value chains – vertically-integrated analysis of the European automotive sector," Structural Change and Economic Dynamics, Elsevier, vol. 55(C), pages 276-287.
    2. Luca Ferrucci & Antonio Picciotti, 2017. "From economic dualism to local variety: The development of service industries in Italian regions," Local Economy, London South Bank University, vol. 32(1), pages 14-33, February.
    3. Jacopo Di Domenico & Alberto Russo, 2022. "Innovation, growth, and productivity appropriation. How the elites learned to stop worrying and love public debt," Working Papers 2022/12, Economics Department, Universitat Jaume I, Castellón (Spain).

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