Economic Growth and Income Distribution

Empirical findings (The Penn World Table). The "classical" theory of growth and distribution (one and two sector models): reproducible goods, non reproducible goods (land), scarcity, rent; population dynamics; different forms of technical progress. The von Neumann model: choice of technique in a general model of joint production. The "Keynesian" theory of growth: saving and investment and the problem of effective demand; Harrod on short-term and secular instability; the postkeynesian contributions of Kaldor and Pasinetti. "Neoclassical" contributions in the tradition of Solow and Swan: dynamic equilibrium and dynamic steady state equilibrium without and with exogenous technical progress; neutrality concepts of technical progress; optimal growth. "New" growth theory: intertemporal optimising; "knowledge" as a quasi public good; the AK model; human capital and externalities: the Lucas model; research and development: Romer's contributions; the model of "creative destruction" of Aghion and Howitt.

For more details we refer to UNIGRAZonline.