Capitalist Development 20C: An Evolutionary-Key. Cornwall<|

Capitalist Development in the Twentieth CenturyAn Evolutionary-Keynesian Analysis\nAuthor(s): John Cornwall, Wendy Cornwall\nFormat: Paperback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521349420, 978-0521349420\nSynopsis\nCapitalism in the twentieth century was marked by periods of persistent bad performance alternating with episodes of good performance. A lot of economic research ignores this phenomenon; other work concentrates almost exclusively on developing technology as its cause. This 2001 book draws upon Schumpeterian, Institutional and Keynesian economics to investigate how far these swings in performance can be explained as integral to capitalist development. The authors consider the macroeconomic record of the developed capitalist economies over the past 100 years (including rates of growth, inflation and unemployment) as well as the interaction of economic variables with the changing structural features of the.