European Parliament Library

Income distribution, growth and unemployment, Piero Ferri (Professor Emeritus of Economics, University of Bergamo, Italy) - (e-book)

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
Table Of 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
Language
eng
Literary Form
non fiction
Physical Description
1 online resource (264 pages).
Specific Material Designation
remote
Form Of Item
online
Isbn
9781802206012

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