{"product_id":"why-the-poor-get-richer-and-the-rich-slow-down-essays-in-the-marshallian-long-period-paperback-softback-9780292729636","title":"Why the Poor Get Richer and the Rich Slow Down; Essays in the Marshallian Long Period (Paperback \/ softback) 9780292729636","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eWhy the Poor Get Richer and the Rich Slow Down\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eEssays in the Marshallian Long Period\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eW. W. Rostow (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780292729636\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePaperback \/ softback, published 1 June 1980\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e394 pages\u003cbr\u003e22.9 x 15.2 x 2.1 cm, 0.454 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eBearing on fundamental issues of economic theory, history, and public policy, this volume elaborates and goes beyond themes enunciated in W. W. Rostow's previous works. The eight essays presented here are unified by the author's insistence that neo-Keynesian and neoclassical theory are an inadequate basis for economic analysis and policy prescription. Changes in technology and in the supply of energy, food, and raw materials, he contends, must be taken into account. The scale and character of the investments required to respond to these changes link his analysis back to conventional income analysis. Rostow outlines in several contexts the framework for a general, disaggregated theory of production and prices that meets this criterion.\u003c\/p\u003e\n\u003cp\u003eThe theoretical and historical essays include a review and unification of various long-cycle theories; a formal mathematical model of the Kondratieff cycle; a review of theories relating technology and the price system, including Rostow's own formulation of the appropriate linkage; a lengthy analysis of the pre-1914 relation between money and prices, including a detailed critique of modern monetarist interpretations; and an analysis of the proposition that economic growth assumes an S-shaped path of acceleration and deceleration.\u003c\/p\u003e\n\u003cp\u003eThe policy essays include an examination of the links between energy-related investment, full employment, and patterns of regional development in the United States; the discussion of an appropriate framework and procedure for North-South international economic negotiations; and the text of a 1965 talk on inflation that touches on the relations among economics, economists, and the performance of societies as a whole.\u003c\/p\u003e\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cul\u003e\n\u003cli\u003e Preface \u003c\/li\u003e\n\u003cli\u003e 1. The Long Cycle: An Integrated View \u003c\/li\u003e\n\u003cli\u003e 2. A Simple Model of the Kondratieff Cycle with Four Variations \u003c\/li\u003e\n\u003cli\u003e 3. Energy, Full Employment, and Regional Development: The American Case \u003c\/li\u003e\n\u003cli\u003e Appendix: A Comparison of Investment Estimates for the National Energy Plan and Energy Information Administration Projections to 1985 \u003c\/li\u003e\n\u003cli\u003e 4. Technology and the Price System \u003c\/li\u003e\n\u003cli\u003e 5. Money and Prices \u003c\/li\u003e\n\u003cli\u003e 6. Growth Rates at Different Levels of Income and Stage of Growth : Reflections on Why the Poor Get Richer and the Rich Slow Down \u003c\/li\u003e\n\u003cli\u003e Appendix 1. Real GNP per Capita \u003c\/li\u003e\n\u003cli\u003e Appendix 2. Gross Investment as Percentage of GNP \u003c\/li\u003e\n\u003cli\u003e 7. How to Break the Impasse in North-South Multilateral Economic Negotiations \u003c\/li\u003e\n\u003cli\u003e 8. The Chapter That Keynes Never Wrote \u003c\/li\u003e\n\u003cli\u003e Notes \u003c\/li\u003e\n\u003cli\u003e Author Index \u003c\/li\u003e\n\u003cli\u003e Subject Index \u003c\/li\u003e\n\u003c\/ul\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003c\/font\u003e","brand":"University of Texas Press","offers":[{"title":"Brand New","offer_id":52530864849176,"sku":"9780292729636","price":25.45,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/freshlyprintedbooks.co.uk\/products\/why-the-poor-get-richer-and-the-rich-slow-down-essays-in-the-marshallian-long-period-paperback-softback-9780292729636","provider":"Freshly Printed Books","version":"1.0","type":"link"}