Resources, Production and Structural Dynamics

EDITORS:
Mauro L. Baranzini, Università della Svizzera Italiana, Switzerland
Claudia Rotondi, Università Cattolica del Sacro Cuore, Milano
Roberto Scazzieri, Università di Bologna and University of Cambridge



Economists since the First Industrial Revolution have been interested in the links between economic growth and resources, often pointing to resource scarcities as a hindrance to growth. Offering a counter perspective, this volume highlights the positive role that scarcities can play in inducing technical progress and economic growth. It outlines a structural framework for the political economy of scarcity and rents, and offers a novel way of organizing the evidence concerning the role of resources in industrial growth. This book proposes a major shift in the treatment of scarcity issues by focusing on bottlenecks and opportunities arising within the production system, and will appeal to economists and policy makers interested in the role of resources as triggers of structural change.

• Outlines a new approach to the economic theory of resources - will appeal to economists, social scientists and policy makers interested in moving beyond the approach to resources in terms of optimal allocation models
• Proposes a new structural framework for the political economy of resources – readers will appreciate the treatment of resources in a modified input-output frame emphasising the interdependence between 'producible' and 'non-producible' resources
• Outlines a new way of organising empirical evidence concerning resources in industrial growth – provides readers with a new set of empirical indicators showing the impact of structural changes upon the patterns of resources use, such as the switch from hydrocarbons to renewable resources

Table of Contents

Preface
Acknowledgments
1. Resources, producibility and economic dynamics: a framework Mauro L. Baranzini, Claudia Rotondi and Roberto Scazzieri
Part I. Resources and Distribution in a Structural Perspective:
2. On the origin of the theory of rent in economics Luigi L. Pasinetti
3. The political economy of corn markets D'Maris Dalton Coffman
4. The classical theory of rent Heinz D. Kurz and Neri Salvadori
5. Profit, productive rent and parasitic rent Piercarlo Nicola
Part II. Structural Dynamics: Resources and Multi-Sectoral Linkages:
6. Limits, resources and distributional trade-offs: structural constraints and opportunities Albert E. Steenge
7. Producible resources and producibility prices in a dynamic Leontief-Type model Carlo D'Adda
8. The transformative potential of input-output economics for addressing critical resource challenges of the twenty-first century Faye Duchin
9. Capital mobility and natural resources dynamics: a classical-Keynesian perspective Heinrich Bortis
10. The chimera of a complete analysis of economic dynamics Kumaraswamy Vela Velupillai
11. Ricardian and Schumpeterian rents: fundamental ingredients for structural economic dynamics Michael A. Landesmann
12. Towards a structural political economy of resources Ivano Cardinale
Part III. Resources, Institutions and Social Structures:
13. Monetary analysis, financial innovation and institutions before the Industrial Revolution: a paradigm case Lilia Costabile
14. Institutions, resources and economic growth in transition processes: the case of Russia Constanze Dobler and Harald Hagemann
15. Institutions, resources and the common weal Alessandro Roncaglia
16. Development, capabilities and institutions Stefano Zamagni
17. Conquering scarcity: institutions, learning and creativity in the history of economic ideas Pier Luigi Porta
Part IV. Resources, Industrial Change and the Structure of the World Economy:
18. Resources, industrial transformation and the structure of the world economy Moshe Syrquin
19. Transformation and resources in the 'new' geo-economy Marco Fortis
20. Developmental state and structural economic dynamics: necessity of industrial structure Sunanda Sen
21. Resources, institutional forms and structural transformation in the BRICKs: the 'hybrid model of late capitalism' Andrea Goldstein and Keun Lee
22. On manufacturing development under resources constraints Antonio Andreoni
Part V. Towards a Political Economy of Resources and Structural Change:
23. Resources, scarcities and rents: technological interdependence and the dynamics of socio-economic structures Roberto Scazzieri, Mauro L. Baranzini and Claudia Rotondi
Name index
Subject index.