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Full Description
This volume is inspired by developments in two strands of economic theorising. Firstly, research on structural economic dynamics based on three sources: Hicks' work on traverse analysis, Pasinetti on disproportional growth and Goodwin on dynamic decomposition and economic fluctuations. The second strand goes back to Georgescu-Roegen's interest in an organisational theory of production based upon the interrelationship between tasks, fund factors and material transformations. The approach taken involves a comprehensive view of sub-units of the whole economic system (such as processes, industries, vertically integrated sectors, eigensectors) representing dynamics of structural adaptation and compositional change. Furthermore, a detailed representation of micro-organisational features leads to the analysis of networks and networking processes within and amongst such sub-units.
Contents
Introduction: production and economic dynamics; Part I. Decomposition of Economies and Structural Dynamics: 1. Traverse analysis in a neo-Austrian framework; 2. Vertical integration, the temporal structure of production processes, and transition between techniques; 3. Production and efficiency with global technologies; 4. Efficient traverses and bottlenecks: a structural approach; 5. Structural change and macroeconomic stability in disaggregated models; Part II. Production Organisation and Economic Dynamics: 6. The production process: description and analysis; 7. Agricultural forms of production organisation; 8. Forms of production organisation: the case of manufacturing processes; 9. Coordination of production processes, subsystem dynamics and structural change.
