IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-137-02975-1_5.html
   My bibliography  Save this book chapter

Equilibrium Growth and Cumulative Causation

In: Alfred Marshall and Modern Economics

Author

Listed:
  • Neil Hart

    (University of Western Sydney
    University of New South Wales)

Abstract

The observation by Evsey Domar captures the demise in the status of growth theory within mainstream economics during the first half of the twentieth century. Questions relating to the possibilities for economic progress had been at the forefront of Marshall’s economic enquiries, just as it had in the writings of his revered classical predecessors. However, interest in such matters had clearly waned during the Marshallian era, with attention increasingly focused on the static equilibrium analysis of relative prices and resource allocation. The ‘Keynesian revolution’ saw consideration directed more towards the short-period analysis of aggregate output and prices, subsequently embedded in a variety of alternative short-and long-period equilibrium frameworks, as outlined in Chapter 4.

Suggested Citation

  • Neil Hart, 2013. "Equilibrium Growth and Cumulative Causation," Palgrave Macmillan Books, in: Alfred Marshall and Modern Economics, chapter 5, pages 93-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-02975-1_5
    DOI: 10.1057/9781137029751_5
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-137-02975-1_5. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.