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The Economics of Demand-Led Growth

Challenging the Supply-Side Vision of the Long Run

Edited by Mark Setterfield
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 26th Jun 2002
Dimensions: w 156mm h 234mm d 20mm
Weight: 620g
ISBN-10: 1840641770
ISBN-13: 9781840641776
Barcode No: 9781840641776
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. This should prove a valuable work for academic economists and graduate students in economics for its contributions to the field of macrodynamics and, in particular, its development of non-neoclassicl approaches to macrodynamics.

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