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E-book
Author Ponthière, Grégory, author.

Title The economics of the long period / Gregory Ponthiere
Published Cambridge, United Kingdom ; New York, NY : Cambridge University Press, 2022
©2022

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Description 1 online resource (xi, 239 pages) : illustrations
Contents Cover -- Half-title -- Title page -- Copyright information -- Contents -- List of Figures -- List of Tables -- Introduction -- Unified Growth Theory -- The Objectives of This Book -- Layout of the book -- Acknowledgements -- Part I The Long Period: Some Milestones -- 1 A Brief History of Long-Run Economic Analysis -- 1.1 Malthus -- 1.1.1 The Principle of Population -- 1.1.2 An Oscillatory Dynamic -- 1.2 Marx -- 1.2.1 Malthus and the Misleading Abstraction -- 1.2.2 Historical Materialism -- 1.3 Marshall -- 1.3.1 Period Analysis -- 1.3.2 The Fiction of the Stationary Equilibrium
1.4 Kondratiev -- 1.4.1 Quantitative and Qualitative Changes -- 1.4.2 Reversible and Irreversible Processes -- 1.4.3 Long-Run Cycles -- 1.5 Rostow -- 1.5.1 From the Traditional Society to the Economic Take-off -- 1.5.2 Economic Growth as a Succession of Take-offs -- 1.6 Solow and the Modern Theory of Growth -- 1.6.1 Initial Conditions, the Production Function and the ''Race'' between Factors -- 1.6.2 Beyond the Stationary State: Endogenous Growth Theory -- 1.7 Towards a Genealogy of Unified Growth Theory? -- 2 Empirical Elements -- 2.1 Production -- 2.1.1 The Global Trend
2.1.2 International Comparisons -- 2.2 Population -- 2.2.1 The Global Trend -- 2.2.2 International Comparisons -- 2.3 Output per Capita -- 2.3.1 The Global Trend -- 2.3.2 International Comparisons -- 2.4 A Major Qualitative Change -- 2.5 Towards the Concept of Economic Regime -- 2.5.1 North's (1981) Observation -- 2.5.2 Modelling History with Economic Regimes -- 2.6 Conclusion: The Empirical Bases of Unified Growth Theory -- Part II Unified Growth Theory: Foundations -- 3 The Stagnation Regime -- 3.1 Modelling Production -- 3.1.1 Labour -- 3.1.2 Land -- 3.1.3 Knowledge
3.1.4 The Production Function -- 3.2 The Conditions for Growth -- 3.2.1 Growth of Total Output -- 3.2.2 Growth of Output per Capita -- 3.3 A Reformulation of the Principle of Population -- 3.4 Long-Run Fluctuations -- 3.5 International Comparisons during the Pre-industrial Era -- 3.6 Criticisms of the Malthusian Stagnation Model -- 3.6.1 Accumulation of Humans versus Accumulation of Ideas -- 3.6.2 Absolute Overpopulation versus Relative Overpopulation -- 3.6.3 Population Growth as the Driving Force of Economic Growth -- 3.7 Conclusions -- 4 The Economic Take-Off
4.1 Technical Progress and Population -- 4.1.1 Scale Effects -- 4.1.2 Smith (1776) and the Division of Labour -- 4.1.3 Weyland (1816) and the Force of Necessity -- 4.1.4 Knowledge and Population Size: From Engels (1844) to Kremer (1993) -- 4.1.5 Revisiting the Accumulation of Knowledge -- 4.2 A Modified Model -- 4.2.1 The Conditions for Growth -- 4.2.2 Four Cases -- 4.3 The Regime Shift -- 4.4 Comparison with the Chapter 3 Stagnation Model -- 4.5 International Comparisons: The Timing of Take-off -- 4.5.1 Initial Conditions: Land -- 4.5.2 Initial Conditions: Population Size
Summary "What can economic analysis teach us about the long period, those times whose duration is such that nothing (or almost nothing) can be treated as a constant- neither population, nor knowledge, nor political and economic institutions-? What concepts and tools can allow economists to think about the movements of the economy over a horizon of several centuries, or even millennia"-- Provided by publisher
Bibliography Includes bibliographical references and index
Notes Translated from the French
Description based on online resource; title from digital title page (viewed on August 18, 2022)
Subject Economic development -- Econometric models
Economic development -- History
Economic history -- Mathematical models
BUSINESS & ECONOMICS / Development / Economic Development.
Economic development
Economic development -- Econometric models
Economic history -- Mathematical models
Genre/Form Electronic books
History
Form Electronic book
LC no. 2022011823
ISBN 9781009169752
1009169750
Other Titles Economie de longue période. English