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Triggers of change: structural trajectories and production dynamics

Andreoni, Antonio and Scazzieri, Roberto (2014) 'Triggers of change: structural trajectories and production dynamics.' Cambridge Journal of Economics, 38. pp. 1391-1408.

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Abstract

The transformation of production structures has been at the centre of the historical dynamics of capitalist economies since the first Industrial Revolution. The article concentrates on production processes as principal loci of structural economic dynamics along increasing and decreasing returns trajectories. These trajectories are triggered by structural opportunities and constraints embedded in production systems, and their historical realisation is subject to different institutional configurations—production units at different levels of aggregation. The approach envisioned suggests the possibility of governing economic dynamics by structural policies working on the technological and organisational conditions of production as well as on the configuration of production processes within production units. Capitalist economies have to rely on a mix of co ordination devices across different production units and aggregation levels for capturing structural opportunities and avoiding structural constraints.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISSN: 14643545
DOI (Digital Object Identifier): 10.1093/cje/bet034
Depositing User: Antonio Andreoni
Date Deposited: 27 Nov 2014 14:29
URI: http://eprints.soas.ac.uk/id/eprint/19218

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