Capital and growth
Not offered in 1995
3 hours per week * Clayton * Prerequisite: ECO4660, ECO3680 advantageous
Neoclassical, post-Keynesian and Marxian theories of economic growth are developed and critically analysed in this subject. The controversies in the definition and measurement of capital are outlined. The subject will consider the `Neo-Ricardian' and Marxian work in value, distribution and growth theory. Finally, the Marxian critique of Neo-Classical and neo-Ricardi analysis is discussed.
Assessment Written (essay): 50% * Examination (3 hours): 50%