Distribution and Growth

Steindl, Josef

Bibliografische Daten

Werk

Dokumentenart:: Werk

Sammlung:: Nachlass Josef Steindl

Titel:: Distribution and Growth

Autor/in:: Steindl, Josef

Art/Umfang:: Typoskript, 19 Blätter; mit handschrifltichen Anmerkungen und Ergänzungen sowie 1 Notizblatt mit handschriftlichem Text, geheftet.

Erscheinungsjahr:: ohne Datum

Sprache:: Englisch

Beschreibung:: Steindl analyses the relation of distribution and growth starting with the nature and the process of long-term development.

Anmerkung:: Notizblatt mit dem Titel "Include in the lecture on distribution".

Bezugswerk:: Steindl, Josef: Distribution and Growth. In: Steindl. Josef: Economic Papers 1941-88. London: Macmillan, 1990, S. 328-355 Steindl, Josef: Distribution and Growth. In: Political Economy. Studies in the Surplus Approach, Vol. 1, Issue 1, 1985, S. 53-68

Thema:: Einkommensverteilung und Haushaltssparen

JEL Klassifikation:: O11 [Macroeconomic Analyses of Economic Development]

Signatur:: S/M.71.4

Nutzungsrechte:: Rechte vorbehalten

Zugriff:: Freier Zugriff

Kapitel

Dokumentenart:: Kapitel

Titel:: Distribution and Growth.

Zugriff:: Freier Zugriff

3 action. I shall consider now an additional idea which might carry us a tiny step further. Let us consider the effects of an investment. Ordinarily we distinguish two effects, one on effective demand, the other on output capacity. For the purposes of business cycle theory this is quite sufficient, but if we discuss long-term develop ment we must consider further possible effects. If an investment realises new technical possibilities, e.g. a new product, it may require a complementary development (example: the motor car in the course of time led to the development of new roads). An innovation may lead to further innovations in the same field: Black and white television was followed by colour television, etc. Again, an innovation in one field may throw up applications in other fields, so that it will be followed by other innovations. From these interrelations we may possibly get an endless chain of innovative investments. Moreover, each innovation produces, by way of diffusion, a series of further investments which, being mere imitations of the first, do not have the power of stimulating further innovation, except in so far as they broaden the basis for experience.

Werk

Kapitel

Inhalt

Download und Zitieren

Werk

Kapitel

Bild

Bildfragment

Zitierlinks

Zitierempfehlung