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    The Principle of Circular and Cumulative Causation: Myrdal, Kaldor and Contemporary Heterodox Political Economy

    134925_134925.pdf (209.7Kb)
    Access Status
    Open access
    Authors
    O'Hara, Phillip
    Date
    2009
    Type
    Book Chapter
    
    Metadata
    Show full item record
    Citation
    O'Hara, Phillip. 2009. The Principle of Circular and Cumulative Causation: Myrdal, Kaldor and Contemporary Heterodox Political Economy, in Sebastian Berger (ed), The Foundations of Non-Equilibrium Economics:The Principle of Circular and Cumulative Causation. pp. 91-105. Oxon and New York: Routledge.
    Source Title
    The Foundations of Non-Equilibrium Economics:The Principle of Circular and Cumulative Causation
    ISBN
    0415777801
    Faculty
    Curtin Business School
    School of Economics and Finance
    URI
    http://hdl.handle.net/20.500.11937/17115
    Collection
    • Curtin Research Publications
    Abstract

    The first main section studies the similarities and differences between the Myrdalian and Kaldorian CCC frameworks. The second section develops a general system model of integration between the two traditions. There is a large measure of continuity between the two CCC approaches; they complement each other. Myrdalian CCC concentrates on the social provisioning aspect of development, while Kaldorian CCC centres on demand-supply relationships linked to the manufacturing sector. Linking both CCC approaches in an integrative model enhances our understanding of development and growth dynamics, and contributes to the development of institutional-evolutionary political economy. The third section illustrates a contemporary application of CCC through an investigation of the dynamic forces expanding the scope, network interaction and conceptual-empirical edifice of heterodox political economy.

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