In this enlightening book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the...

Is growth theory a real subject? /Franklin M. Fisher --What is endogenous growth theory? /Mark Roberts and Mark Setterfield --Is the natural rate of growth exogenous? /Miguel Leon-Ledesma and A.P. Thirlwall --The representative firm and increasing returns : then and now /Stephanie Blankenberg...

1. Growth theory in the history of thought -- 2. Neoclassical and 'new' growth theory : a critique -- 3. Manufacturing industry as the engine of growth -- 4. A demand-oriented approach to economic growth : export-led growth models -- 5. Balance of payments constrained growth : theory and...