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Foundations of Non-Equilibrium Economics

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American Philosophical Thinking
Bevel Rim Bowls
Category=KCM
Category=KCP
Category=KCZ
causation
Cc Theory
CCC
Central Public Authority
Chartalist Perspective
circular
Circular Causation
cumulative
Cumulative Causation
Cumulative Causation Process
development policy analysis
eq_bestseller
eq_business-finance-law
eq_isMigrated=1
eq_isMigrated=2
eq_nobargain
eq_non-fiction
evolutionary economics
Expenditure Tax
Farmed Salmon
Fourth Millennium Bc
Green GDP
gunnar
HPE
In-kind Payment
institutional economics
kaldor
Kapp 1965b
myrdal
nicholas
Northeast Asian Development
path dependence
Peirce's Influence
Peirce’s Influence
Post Keynesian
process
Productive Economic Sectors
regional economic dynamics
resource management regimes
Salmon Fisheries
Sfm
strategic trade policy frameworks
theory
Veblen's Understanding
Veblen’s Understanding
Vice Versa
walrasian
Walrasian General Equilibrium Theory

Product details

  • ISBN 9781138802919
  • Weight: 410g
  • Dimensions: 156 x 234mm
  • Publication Date: 30 May 2014
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: GB
  • Product Form: Paperback
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Description

This thought-provoking volume presents essays on the foundations of non-equilibrium economics, i.e. the principle of circular cumulative causation (CCC). This work presents empirical research on how the interplay of technology’s increasing returns to scale, institutions, resources, and economic policy leads to virtuous circles of economic growth and development, but also to vicious circles of social and ecological degradation. In particular, evidence is provided for the important role of the "development state" and strategic trade policy, economies of large-scale production in manufacturing, the regional level of development and community-based resource management regimes. While demonstrating CCC’s strength in generating empirical research, the book also provides insights into its philosophical foundations and intellectual history. Several essays trace the roots of this full-fledged theoretical framework back to Adam Smith, Classical Political Economy, Thorstein Veblen, Gunnar Myrdal, K. William Kapp and Nicholas Kaldor.

As the most comprehensive collection of the growing body of CCC research to date, this book also reflects the emergence of an economic paradigm for understanding economic dynamics and for crafting viable development strategies for the 21st century. The volume will be of great interest to scholars of growth and development economics, institutional and evolutionary economics, political economy, and Post Keynesian economics from undergraduate to postgraduate research levels.
About

Sebastian Berger is an assistant professor at Roanoke College and was awarded the 2008 Helen Potter Award for the best paper in the Review of Social Economy.