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The General Theory of Transformational Growth
Edward J. Nell
其他書名
Keynes after Sraffa
出版Cambridge University Press, 1998-07-13
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / Theory
ISBN052159006X9780521590068
URLhttp://books.google.com.hk/books?id=4NVDpwAACAAJ&hl=&source=gbs_api
註釋For the past century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are "selected" by competition in an evolutionary process. These innovations in turn change the way markets work and how they adjust, thus creating new problems and new kinds of pressures to innovate. The core relationships provide the foundations for a theory of monetary circulation, which makes possible a revised Keynesian approach, based on Classical foundations.