This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall's substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work on economic theory has had on his contemporaries, and the profession as a whole. From his early pioneering research in regional and labour economics to his more recent exploration of growth and development economics, leading experts in the field bear witness to the significant role he has played in the evolution of the discipline. In addressing some of the most pivotal aspects of his career, the contributors cover a range of topics including 'Thirlwall's Law', the application of Keynesian macroeconomic approaches, the 'General Theory' within open economies, the connection between short-run cycles and long-run growth, endogenous growth theory, the Stability and Growth Pact, as well as broader development issues and problems. In championing Thirlwall's challenging work, this volume provides a lively and comprehensive account of some of the most important areas of economics today.
This book will prove an essential read for academics and policy makers alike who are interested in trade, growth and development economics.
Recenzijos
'. . . this volume is a very good and important addition to economic growth and development. On the basis of authority, the selection is well-balanced. . . This book should be a mandatory textbook for graduate students in development economics, and essential reading for all policy-makers.' -- Voxi Heinrich Amavilah, Progress in Development Studies
| About the contributors |
|
vii | |
| Introduction |
|
1 | (12) |
|
|
|
|
| A. P. Thirlwall: The Kent Years |
|
13 | (8) |
|
|
|
The Implications of Thirlwall's Law for Africa's Development Challenges |
|
|
21 | (26) |
|
Mohammed Nureldin Hussain |
|
|
Thirlwall's Law and Palley's Pitfalls: A Reconsideration |
|
|
47 | (13) |
|
|
|
On Specifying the Demand for Imports in Macroeconomic Models |
|
|
60 | (8) |
|
|
|
Keynes, Post Keynesian Analysis, and the Open Economies of the Twenty-first Century |
|
|
68 | (14) |
|
|
|
Cycles, Aggregate Demand, and Growth |
|
|
82 | (14) |
|
|
|
Modelling Historical Growth: A Contribution to the Debate |
|
|
96 | (20) |
|
|
|
Endogenous Growth Theory: A Partial Critique |
|
|
116 | (19) |
|
|
|
|
|
The Nature of Economic Growth and the Neoclassical Approach: More Questions than Answers? |
|
|
135 | (27) |
|
|
|
On the Core of Macroeconomic Theory |
|
|
162 | (18) |
|
|
|
The Crisis of the Stability Pact and a Proposal |
|
|
180 | (11) |
|
|
|
|
|
Narrowing the Options: The Macroeconomic and Financial Framework for EU Enlargement |
|
|
191 | (16) |
|
|
|
|
|
Competition and Competition Policy in Emerging Markets: International and Developmental Dimensions |
|
|
207 | (40) |
|
|
|
Models of Saving, Income and the Macroeconomics of Developing Countries in the Post-Keynesian Tradition |
|
|
247 | (17) |
|
|
|
The Influence of Keynes on Development Economics |
|
|
264 | (17) |
|
|
| Index |
|
281 | |
Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK, John S.L. McCombie, Professor of Regional and Applied Economics and Director, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow of Downing College, Cambridge, UK and Roger Vickerman, Professor of European Economics, University of Kent, UK
