This paper proposes a model of endogenous economic growth and distribution explicitly incorporating social extraction and political competition, with an application to the Philippine historical experience. The major objective is to explain developments in the distribution of national income and wealth and in the growth rate of per capita capacity output. When calibrated, the proposed model is found to be consistent with the broad contours of Philippine macroeconomic history.

Economic Growth and Distribution isolates and compares the logical structures and methodological underpinnings underlying the relationship between economic growth and distribution. It carries out an in-depth analysis of a wide range of issues connected with growth theory considered from different theoretical perspectives. Its uniqueness is derived from the original contributions by a number of scholars of different persuasions; some within the mainstream and others from Keynesian-Kaleckian-Sraffian positions. The book deals with a wide variety of research topics concerning economic growth and distribution, such as the transition from the epoch of Malthusian stagnation to the contemporary era of modern economic growth; comparisons among the classical tradition, modern theory, and heterodox models; problems of policy; dynamics and business cycles; the role on institutions.

Contains a set of contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress. This title explores the mutual relationships between living standards, education and health systems, labour market regulation and participatory rules on one hand, and the growth of the economy on the other.

A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in the marketplace. Similar questions have been raised about education and its rate of 'social return; is education necessary for improving the skill of the workforce, or does it serve primarily to facilitate the adoption of these new technologies? This book brings together a case of leading international scholars to analyze the importance of education, research and human capital and the impact of financial systems on growth and development.

This three-volume set contains a selection of articles published between 1945 and 1999, in the field of development economics, which is concerned with systematic study of less developed countries. The selections--some classics, others representing new developments or useful surveys of particular themes--are intended to provide the reader with an overview of the subject. Volume I (24 articles) covers empirics of development, development in historical perspective, and underdevelopment (low-level traps and the big push, theories of growth, and poverty and inequality). Volume II (24 articles) covers resources (labor and human resources, capital accumulation, and the environment), and sectoral issues in development (agriculture and industry). There is no subject index. Edited by Amitava K. Dutt (economics, U. of Notre Dame). Annotation copyrighted by Book News, Inc., Portland, OR

Mainstream neoclassical economics tells us that money is essentially a commodity, has no other social meanings or consequences, and (therefore) exists only as a medium of exchange to lubricate/facilitate barter. This book takes the view that money is definitively a social relation between private persons or legal persons. As such, it is one of