This important volume brings together 22 major essays written by A.P. Thirlwall over the last 30 years in the field of macroeconomics, and in particular on multiplier analysis, unemployment, inflation, growth and the balance of payments.

Professor A. K. Sen argues in his book Choice of Techniques l that if the objective of a surplus labour economy is to maximise growth, as opposed . to the level of immediate output, and savings are suboptimal, labour drawn from the agricultural to the industrial sector should not be regarded as...

This article seeks to analyse the major determinants of differences in the domestic savings ratio between countries using panel data for 62 countries over the period 1967—95. A basic distinction is made between the determinants of the capacity to save and the willingness to save. The capacity...

This paper questions the assumption in all of mainstream growth theory that the Harrod natural rate of growth is exogenously determined and independent of the pressure of demand in an economy. We first present a simple statistical technique for estimating the natural rate of growth, and then...