Growth Theory in Historical Perspective is a collection of thirteen carefully selected essays by Theo van de Klundert which demonstrate the development of growth theory over the past forty years. The sequence of chapters reveals the shifts in focus which have occurred since the first formal...

This paper discusses the consequences of price setting by firms under monopolistic competitio n in dynamic models. It is assumed that costs of price adjustment are speed dependent. The Keynesian regime prevails when firms choose a p oint on the demand curve. If real labor costs are relatively...