ECO GROWTH & DEVELOP (3RD ED)

by Hendrik Van Den Berg

Overview

This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.

Product Details

ISBN-13:	9789814733359
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	09/02/2016
Sold by:	Barnes & Noble
Format:	eBook
Pages:	924
File size:	14 MB
Note:	This product may take a few minutes to download.

Table of Contents

About the Author v

Preface ix

Part I Thinking About Economic Development 1

Chapter 1 The Complexity of Economic Development 11

Chapter 2 Measuring Economic Development 61

Chapter 3 Holistic Measurement of Economic Development 101

Part II Models of Economic Development 143

Chapter 4 The Evolution of Growth Models: From Smith to Veblen 147

Chapter 5 Post-World War II Growth Models: Harrod-Domar and Solow 195

Chapter 6 Economic Development and the Natural Environment 245

Chapter 7 Technological Change: What Is It and How Do We Model It? 295

Chapter 8 Dynamic Models of Technological Change 337

Part III Key Elements of Economic Development 395

Chapter 9 Population Growth 397

Chapter 10 Humans' Acquired Knowledge and Capabilities 437

Chapter 11 The Role of Finance in Economic Development 481

Chapter 12 Institutions and Sustainable Development 541

Chapter 13 Formal Government Institutions 589

Part IV International Economic Integration 635

Chapter 14 International Trade and Development 641

Chapter 15 Globalization beyond Trade: International Finance, Foreign Aid, and Immigration 691

Chapter 16 International Economic Policy and Future Challenges 731

Part V Development Issues 787

Chapter 17 The Distribution of Income and Wealth 791

Chapter 18 Policies for Sustainable Economic Development 833

Index 881