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Introduction: A Dissenter's View of the Development of Growth Theory and the Importance of Demand-Led Growth

In: The Economics of Demand-Led Growth

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  • Mark Setterfield

Abstract

The Economics of Demand-Led Growth is a collection of specially written essays that develop and apply the theory of demand-led growth. Long-run growth is usually portrayed as a supply-determined process. The contributions to this volume, however, are rooted in the theory of demand-led growth. In addition to general discussions of the role of demand in the long-run, the volume contains essays in the Kaldorian and Kaleckian traditions, and a section on the relationship between demand-led growth and structural change. The conclusion reached is that current neglect of the role of demand in analyses of long-run growth is unwarranted.

Suggested Citation

  • Mark Setterfield, 2002. "Introduction: A Dissenter's View of the Development of Growth Theory and the Importance of Demand-Led Growth," Chapters, in: Mark Setterfield (ed.), The Economics of Demand-Led Growth, chapter 1, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1864_1
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    Cited by:

    1. Fontana, Giuseppe & Veronese Passarella, Marco, 2020. "Unconventional monetary policies from conventional theories: Modern lessons for central bankers," Journal of Policy Modeling, Elsevier, vol. 42(3), pages 503-519.

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    Economics and Finance;

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