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The Theory of Economic Growth: a ‘Classical’ Perspective
Contents
Introduction by Neri Salvadori xi
1. Theories of economic growth: old and new 1
Heinz D. Kurz and Neri Salvadori
2. The structure of growth models: a comparative survey 23
Antonio D’Agata and Giuseppe Freni
3. Endogenous growth theory as a lakatosian case study 42
Mario Pomini
4. Endogenous growth in a multi-sector economy 61
Giuseppe Freni, Fausto Gozzi and Neri Salvadori
5. Income distribution and consumption patterns in a
‘classical’ growth model 82
Davide Fiaschi and Rodolfo Signorino
6. Keynesian theories of growth 104
Pasquale Commendatore, Salvatore D’Acunto, Carlo Panico
and Antonio Pinto
7. Should the theory of endogenous growth be based on
Say’s law and the full employment of resources? 139
Fabio Petri
8. The demographic transition and neo-classical models
of balanced growth 161
Piero Manfredi and Luciano Fanti
9. Human capital formation in the new growth theory:
the role of ‘social factors’ 186
Maria Rosaria Carillo
vi Contents
10. The evolutionary perspective on growth 205
Grazia D. Santangelo
11. Competition, rent seeking and growth: Smith versus the
endogenous growth theory 222
Antonio D’Agata
12. R&D models of economic growth and the long-term
evolution of productivity and innovation 236
Mauro Caminati
13. Competition and technical change in Aghion & Howitt:
a formalisation of Marx’s ideas? 260
Maria Daniela Giammanco
14. Division of labour and economic growth: Paul Romer’s
contribution in an historical perspective 272
Andrea Mario Lavezzi
15. The interaction between growth and cycle in macrodynamic
models of the economy 285
Serena Sordi
16. Real business cycle models, endogenous growth models and
cyclical growth: a critical survey 306
Davide Fiaschi and Serena Sordi
17. Growth theory and the environment: how to include matter
without making it really matter 330
Tommaso Luzzati
18. Modelling growth and financial intermediation through
information frictions: a critical survey 342
Salvatore Capasso
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