Today, we’ll finish off the book by covering chapter 5 and the conclusion. The previous two chapters can be found here.

Chapter 5. The Long Period: Old and New Growth Models

5.1 The Old Post-Keynesian Growth Models

Post-Keynesians are well known for their models of growth, first developed by Cambridge economists Kaldor and Robinson in 1956. To examine these models, we’ll need some definitions. K is…

See the last part here, and read on for the ending to this summary!

Chapter 8: Three Post-Industrial Employment Trajectories

Theories of Service-Employment Growth

A clear tendency in developed countries is that innovations and automation in industrial labor advance productivity, making industrial goods cheaper. This, coupled with a continued increase inaverage income, means there is a clear shift over time…

This article will round out the first part of the Esping-Andersen’s book from 1990. You can find the previous part here. Enjoy!

Chapter 3: The Welfare State as a System of Stratification

Many sweeping generalizations about welfare are incorrect. For example, you might hear someone argue that it lessens class divisions. But not all welfare is created equal: some welfare…

Jacob Keegan

Economics and welfare knower.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store