Institutional and Social Dynamics of Growth and Distribution presents a set of original contributions to the much-debated issues of long-run economic growth in relation to institutional and social progress.
The main focus of investigation of this engaging book is the mutual relationship between social, political, and economic institutions on one hand, and the growth of the economy on the other. These mutual relations are at the crux of differences in long-run growth rates across countries, and in their variations through time. The contributors analyse historical, empirical and theoretical aspects of the many self-reinforcing mechanisms of growth, the role of political institutions, and demographic factors.
Offering a lively representation of the reasons why no lasting economic growth is possible without broader institutional progress, this book will prove a fascinating read for students, academics, and researchers focusing on economics, sociology, demography, and growth theory.
Edited by Neri Salvadori, Professor of Economics, University of Pisa, Italy
Contents: Introduction Neri Salvadori 1. Institutions and the Beginnings of Economic Growth in Eighteenth-Century Britain Joel Mokyr 2. The Coevolution of Institutions and Preferences: History and Theory Samuel Bowles 3. Politics and Income Distribution Martin Baur 4. Income Distribution and the Interaction between Cycles and Growth Piero Ferri and Anna Maria Variato 5. Market Failures within Poor Institutions: The Effects of Bureaucrats' Rent-seeking Activity Davide Infante and Janna Smirnova 6. Government Spending, Effective Demand, Distribution and Growth: A Dynamic Analysis Pasquale Commendatore, Carlo Panico and Antonio Pinto 7. The Role of Human Capital in Economic Growth: Evidence from Greek Regions Nikos Benos and Stelios Karagiannis 8. Adult Longevity and Economic Take-off from Malthus to Ben-Porath David de la Croix 9. Endogenous Age Structure in Descriptive Macroeconomic Growth Models: A General Framework and Some Steady State Analysis Luciano Fanti, Mimmo Iannelli and Piero Manfredi 10. Bright and Wealthy: Exploring Assortative Mating Valerio Filoso 11. Information Networks and Knowledge Spillovers: Simulations in an Agent-based Model Framework Christian Henning and Volker Saggau 12. Interaction between Economic and Social Variables: The Transformational Growth Matrix Edward Nell 13. Financial Fragility, Mean-field Interaction and Macroeconomic Dynamics: A Stochastic Model Corrado Di Guilmi, Mauro Gallegati and Simone Landini Index