Development theories and growth models

Among the issues of international concern pertaining to current and prospective world problems and challenges, that of the problem of economic growth claims a pro minent place. Concern about this problem is hardly new, but it has grown world-wide only during the last few decades. This book is an incisive account of the classical and the ultra-modern theories] related to economic growth.

The problem of economic growth is ubiquitous, and at the same time an unobtrusive postu late. It is widely held that post Keynesian dynamic economics can only be comprehended by the economic experts, and this view in itself delays their application to modern ideas. The author here reveals, even to the non-expert, the real import of post-Keynesian ideas, and he pulls no punches in his analysis.

The work discusses: The pre Keynesian Development Theories (Smith, Ricardo and Marx); The New Economics (Keynes); The Post-Keynesian Models (Harrod and Domar); The Neo-Keynesian Models (Kaldor, Pasinetti's Re formulations and Robinson); The Neo-Classical Models (Solow and Swan); Money and Growh (Tobin and Johnson); Two Sector Model (Uzawa); The Theory of Optimal Growth (Ramsey) and Cambridge Controversies in the Theory of Capital: Implications of the Double-Switching of Techniques etc.

Development Theories and Gro wth Models offers a fascinating first-hand insight into a key epi sode in the modern theories of economic growth. It will be esse ntial reading for plodders and scholars in dynamic economics, and it can also be used as a refe rence book with profit.