Transformational Growth and the Business Cycle

Business & Finance, Economics
Cover of the book Transformational Growth and the Business Cycle by , Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: ISBN: 9781134752324
Publisher: Taylor and Francis Publication: September 27, 2005
Imprint: Routledge Language: English
Author:
ISBN: 9781134752324
Publisher: Taylor and Francis
Publication: September 27, 2005
Imprint: Routledge
Language: English

This book examines the concept of Transformational Growth from a number of different historical and geographical perspectives. Transformational Growth sees the economy as an evolving system in which the market selects and finances innovations, changing the character of costs and affecting the pattern of market adjustment. This creates the possibility that markets will work differently in particular historical periods.
This book explores market adjustments in two distinct historical periods, 1870-1914 and 1945-the present. The book focuses on six countries: USA, United Kingdom, Canada, Germany, Japan and Argentina. In all cases the earlier period, dominated by craft-based technologies, proves to be the one in which markets adjust through a weakly stabilising price mechanism. By contrast, in the later period, in all cases, with the exception of Argentina, there is no evidence of such a price mechanism, but in its place can be seen a multiplier-accelerator process which, arguably, reflects a change of technology to mass-production.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book examines the concept of Transformational Growth from a number of different historical and geographical perspectives. Transformational Growth sees the economy as an evolving system in which the market selects and finances innovations, changing the character of costs and affecting the pattern of market adjustment. This creates the possibility that markets will work differently in particular historical periods.
This book explores market adjustments in two distinct historical periods, 1870-1914 and 1945-the present. The book focuses on six countries: USA, United Kingdom, Canada, Germany, Japan and Argentina. In all cases the earlier period, dominated by craft-based technologies, proves to be the one in which markets adjust through a weakly stabilising price mechanism. By contrast, in the later period, in all cases, with the exception of Argentina, there is no evidence of such a price mechanism, but in its place can be seen a multiplier-accelerator process which, arguably, reflects a change of technology to mass-production.

More books from Taylor and Francis

Cover of the book Dictionary of Islamic Architecture by
Cover of the book From Autothanasia to Suicide by
Cover of the book Women in Antiquity by
Cover of the book Mercantilism by
Cover of the book Medicine, Natural Philosophy and Religion in Post-Reformation Scandinavia by
Cover of the book A Big and a Little One is Gone by
Cover of the book The Concise Focal Encyclopedia of Photography by
Cover of the book Digging Deeper by
Cover of the book The Judicial System and Reform in Post-Mao China by
Cover of the book Kodae Sosol by
Cover of the book Freemasonry and the Press in the Twentieth Century by
Cover of the book Accounting and Food by
Cover of the book Employee Recruitment, Selection, and Assessment by
Cover of the book Changing Roles for a New Psychotherapy by
Cover of the book The Growth of the Medieval City by
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy