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The Classical Theory of Growth and Distribution

In: Handbook of Alternative Theories of Economic Growth

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  • Duncan K. Foley
  • Thomas R. Michl

Abstract

Comprising specially commissioned essays, the Handbook provides a comprehensive overview of alternative theories of economic growth. It surveys major sub-fields (including classical, Kaleckian, evolutionary, and Kaldorian growth theories) and highlights cutting-edge issues such as the relationship between finance and growth, the interplay of trend and cycle, and the role of aggregate demand in the long run.

Suggested Citation

  • Duncan K. Foley & Thomas R. Michl, 2010. "The Classical Theory of Growth and Distribution," Chapters, in: Mark Setterfield (ed.), Handbook of Alternative Theories of Economic Growth, chapter 2, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:12814_2
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    File URL: https://www.elgaronline.com/view/9781847204028.00008.xml
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    References listed on IDEAS

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    1. Lavoie, Marc, 1995. "The Kaleckian Model of Growth and Distribution and Its Neo-Ricardian and Neo-Marxian Critiques," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 19(6), pages 789-818, December.
    2. Mark Setterfield (ed.), 2002. "The Economics of Demand-Led Growth," Books, Edward Elgar Publishing, number 1864.
    3. Shaikh, Anwar, 1974. "Laws of Production and Laws of Algebra: The Humbug Production Function," The Review of Economics and Statistics, MIT Press, vol. 56(1), pages 115-120, February.
    4. Solow, Robert M., 2000. "Growth Theory: An Exposition," OUP Catalogue, Oxford University Press, edition 2, number 9780195109030.
    5. J. S. L. McCombie & A. P. Thirlwall, 1994. "Economic Growth and the Balance-of-Payments Constraint," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-23121-8, December.
    6. Young, Allyn A., 1928. "Increasing Returns and Economic Progress," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 38, pages 527-542.
    7. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    8. A. P. Thirlwall, 2002. "The Nature of Economic Growth," Books, Edward Elgar Publishing, number 2579.
    9. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    10. Avi J. Cohen, 2003. "Retrospectives: Whatever Happened to the Cambridge Capital Theory Controversies?," Journal of Economic Perspectives, American Economic Association, vol. 17(1), pages 199-214, Winter.
    11. Adalmir Marquetti, 2004. "Do Rising Real Wages Increase The Rate Of Labor‐Saving Technical Change? Some Econometric Evidence," Metroeconomica, Wiley Blackwell, vol. 55(4), pages 432-441, November.
    12. Mark Roberts, 2007. "The Conditional Convergence Properties of Simple Kaldorian Growth Models," International Review of Applied Economics, Taylor & Francis Journals, vol. 21(5), pages 619-632.
    13. Walter Eltis, 2000. "The Classical Theory of Economic Growth," Palgrave Macmillan Books, Palgrave Macmillan, edition 0, number 978-0-230-59820-1, December.
    14. Foley, Duncan K., 2003. "Endogenous technical change with externalities in a classical growth model," Journal of Economic Behavior & Organization, Elsevier, vol. 52(2), pages 167-189, October.
    15. Walter Eltis, 2000. "The Classical Theory of Economic Growth," Palgrave Macmillan Books, in: The Classical Theory of Economic Growth, edition 0, chapter 9, pages 310-338, Palgrave Macmillan.
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    Cited by:

    1. Setterfield, Mark, 2011. "Anticipations of the Crisis: On the Similarities between post-Keynesian Economics and Regulation Theory," Revue de la Régulation - Capitalisme, institutions, pouvoirs, Association Recherche et Régulation, vol. 10.
    2. Stephen Thompson, 2018. "Profit Squeeze in the Duménil and Lévy Model," Review of Radical Political Economics, Union for Radical Political Economics, vol. 50(2), pages 297-316, June.
    3. Joan R. Rovira, 2015. "Piketty on Growth and Distribution," Hacienda Pública Española / Review of Public Economics, IEF, vol. 214(3), pages 91-114, September.
    4. Tomasz Tokarski & Anna Zachorowska-Mazurkiewicz, 2016. "Kłopoty z marginalną teorią podziału Clarka," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 6, pages 23-42.

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