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Ever since Adam Smith, economists have been preoccupied with the puzzle of economic growth. The standard mainstream models of economic growth were and often still are based either on assumptions of diminishing returns on capital with technological innovation or on endogenous dynamics combined with a corresponding technological and institutional setting. An alternative model of economic growth emerged from the Cambridge School of Keynesian economists in the 1950s and 1960s. This model - developed mainly by Luigi Pasinetti - emphasizes the importance of demand, human learning and the growth dynamics of industrial systems. Finally, in the past decade, new mainstream models have emerged incorporating technology or demand-based structural change and extending the notion of balanced growth. This collection of essays reassesses Pasinetti's theory of structural dynamics in the context of these recent developments, with contributions from economists writing in both the mainstream and the Cambridge Keynesian traditions and including Luigi Pasinetti, William Baumol, Geoffrey Harcourt and Nobel laureate Robert Solow.

Business, Economy and Management --- Economics --- Economic development. --- Sustainable development. --- Pasinetti, Luigi L. --- Political and social views. --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable development --- Sustainable economic development --- Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Environmental aspects --- Pasinetti, Luigi --- E-books

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The issue of sustainability, and the idea that economic growth and development might destroy its own foundations, is one of the defining political problems of our era. This ground breaking study traces the emergence of this idea, and demonstrates how sustainability was closely linked to hopes for growth, and the destiny of expanding European states, from the sixteenth century. Weaving together aspirations for power, for economic development and agricultural improvement, and ideas about forestry, climate, the sciences of the soil and of life itself, this book sets out how new knowledge and metrics led people to imagine both new horizons for progress, but also the possibility of collapse. In the nineteenth century, anxieties about sustainability, often driven by science, proliferated in debates about contemporary and historical empires and the American frontier. The fear of progress undoing itself confronted society with finding ways to live with and manage nature.

Human ecology --- Human ecology. --- Sustainability --- Sustainability. --- Sustainable development --- Sustainable development. --- History --- Europe. --- Développement durable --- Écologie humaine --- History. --- Histoire --- History of philosophy --- World history --- anno 1500-1799 --- anno 1800-1899 --- Histoire. --- Ecology --- Environment, Human --- Human beings --- Human environment --- Ecological engineering --- Human geography --- Nature --- Sustainability science --- Social ecology --- Development, Sustainable --- Ecologically sustainable development --- Economic development, Sustainable --- Economic sustainability --- ESD (Ecologically sustainable development) --- Smart growth --- Sustainable economic development --- Economic development --- Social aspects --- Effect of environment on --- Effect of human beings on --- Environmental aspects