Income distribution, growth and unemployment / Piero Ferri (Professor Emeritus of Economics, University of Bergamo, Italy).

Format:

Book

Author/Creator:

Ferri, Piero, author.

Contributor:

Edward Elgar Publishing, publisher.

Series:

New directions in modern economics

Language:

English

Subjects (All):

Economic development.

Unemployment.

Income distribution.

Genre:

Electronic books.

Physical Description:

1 online resource (264 pages).

Place of Publication:

Northampton : Edward Elgar Publishing, 2022.

Summary:

Piero Ferri expertly broadens the analysis of the canonical growth cycle approach by presenting a Minsky-Harrod model, examining how the relationship between income distribution, growth and unemployment becomes increasingly complex. Exploring this new technique to generate a process of growth, based not only on history but disequilibrium, he investigates the current income distribution debate further and the challenges it faces. Written in a succinct yet comprehensive style, Piero Ferri begins by addressing the basic principles, followed by an in-depth look at growth cycle models and how the Minsky-Harrod integrated model would help to unravel the current complexities. The empirical analysis reaches insightful conclusions by justifying the existence of a variety of results and by studying the distributive loop in a dynamic context which is prone to instability. Teachers of macroeconomics and scholars will find this an invaluable read and will benefit from the practical study and results. Researchers interested in labour economics and political economy will also find this a thought-provoking book.

Contents:

Contents: Preface

1. Introduction to income distribution, growth and unemployment

Part I: The basics

2. The lexicon of short-run static analysis

3. The political economy of income distribution

4. Elementary tools for dynamics

Part II: Income distribution in growth cycle models

5. The goodwin classical approach

6. The Kaleckian-post-Keynesian (KPK) models

7. Financial aspects: A minskyan perspective

8. Harrod and instability

Part III: A generalized model

9. A workhorse model

10. Growth and unemployment

11. Technological change, income distribution and unemployment

12. The wage-price spiral in an integrated model

Part IV: Towards complex dynamics

13. A meta-model of income distribution

14. Income distribution, inequality and debt

15. The financial instability hypothesis, income distribution and complex dynamics

Part V: Concluding remarks

16 final considerations

References

Index.

Notes:

Includes bibliographical references and index.

Description based on print record.

ISBN:

9781802206012 (e-book)

Access Restriction:

Restricted for use by site license.