ANNOUNCING A NEW GROWTH TEXT (This announcement can be forwarded to other economomics lists or individuals.) Growth and Distribution, by Duncan K. Foley and Thomas R. Michl (Harvard University Press, 1999, www.hup.harvard.edu) is a new growth text aimed at advanced undergraduate students, graduate students, and macroeconomists specializing in growth, development, and political economy. The text presents a Classical (Marxian-Ricardian) model, the Solow-Swan model, and a demand-constrained model in parallel, giving students some appreciation of the underlying differences in these approaches. It features a balance between theoretical and empirical material, with particular emphasis on the trade-offs between the wage rate and profit rate and between consumption and growth. While most of the theoretical discussion summarizes developments in the existing literature, the book also offers some new material on the Classical interpretation of the aggregate production function, the role of land and resources in a model of capital accumulation, the effect of social security in an overlapping generations model, and other topics. Duncan K. Foley Department of Economics Graduate Faculty New School University 65 Fifth Avenue New York, NY 10003 (212)-229-5906 messages: (212)-229-5717 fax: (212)-229-5724 e-mail: [EMAIL PROTECTED] alternate: [EMAIL PROTECTED] webpage: http://cepa.newschool.edu/~foleyd -- Michael Perelman Economics Department California State University [EMAIL PROTECTED] Chico, CA 95929 530-898-5321 fax 530-898-5901
