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Attempts to integrate developments in capital theory and shows their implications for models of long-run economic growth in mature capitalistic countries. This book presents the Von Neumann model and outlines its classical approach to the rate of profits and distribution. It analyzes the models of Meade, Tobin, Solow, and Samuelson-Modigliani.
A controversy among economists has raged in the pages of professional journals for the last decade
A collection of essays based on the theories of Sidney Weintraub, economic theorist and policy-maker. They all touch on the main theme of crucial importance he accorded to inflation and income distribution in understanding the process of development of capitalism.
The debate concerns capital theory and distribution theory, as well as interpretation of models of long-run economic growth. This book is an attempt to integrate developments in capital theory and show their implications for models of long-run economic growth in mature capitalistic countries.
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