The General Theory of Transformational Growth: Keynes After Sraffa

by Edward J. Nell

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For the past century, economic analysis has been wedded to the idea of equilibrium, in spite of the evident fact that most economic relationships are in flux. The theory of transformational growth in this work replaces equilibrium with history. The role of the market is not to allocate resources, but to generate innovations, which are selected by competition in an evolutionary process. These innovations in turn change the way markets work and how...

Format:Paperback

Language:English

ISBN:0521023599

ISBN13:9780521023597

Release Date:November 2005

Publisher:Cambridge University Press

Length:816 Pages

Weight:2.47 lbs.

Dimensions:1.6" x 6.1" x 9.2"

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The General Theory of Transformational Growth: Keynes After Sraffa

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