In this book, Davide Gualerzi employs the concept of transformational growth to explore the investment-driven cycle of expansion of the 1990s in the US economy, and of the of role played by the ICT sector.
The book articulates a view of demand-led growth in which the focus is on effective demand, the composition of the growth process and the link between changing composition and expansion.
Part 1: Demand-Led Growth and Structural Change 1. Growth Theory from a Demand-Side Perspective 2. Transformational Growth and the Structural Dynamics of Market Creation 3. Growth, Effective Demand and the Composition of Output Part 2: The 1990s Expansion: Technology, Investment and New Markets 4. The 1990s: The Boom and the Bust of the "New Economy" 5. Information and Communication Technologies: Productivity and Structural Change 6. The Technology, Investment, New Markets Relationship: The Forward and Backward Linkages 7. The Transformation of the Consumption Sphere and Market Creation Part 3: Two Decades of Structural Transformation in the US Economy: The Path of Transformational Growth 8. From the Recovering 1980s to the Booming 1990s 9. Innovative Investment and Long Term Development: Questions from the 1990s 10. The Path of Transformational Growth
Over the past two decades, the intellectual agendas of heterodox economists have taken a decidedly pluralist turn. Leading thinkers have begun to move beyond the established paradigms of Austrian, feminist, Institutional-evolutionary, Marxian, Post Keynesian, radical, social, and Sraffian economics—opening up new lines of analysis, criticism, and dialogue among dissenting schools of thought. This cross-fertilization of ideas is creating a new generation of scholarship in which novel combinations of heterodox ideas are being brought to bear on important contemporary and historical problems.
Routledge Advances in Heterodox Economics aims to promote this new scholarship by publishing innovative books in heterodox economic theory, policy, philosophy, intellectual history, institutional history, and pedagogy. Syntheses or critical engagement of two or more heterodox traditions are especially encouraged.