PRODUCTION AND ECONOMIC DYNAMICS

THIS VOLUME IS INSPIRED BY DEVELOPMENTS IN TWO STRANDS OF ECONOMIC THEORISING. FIRSTLY, RESEARCH ON STRUCTURAL ECONOMIC DYNAMICS BASED ON THREE SOURCES HICKS' WORK ON TRAVERSE ANALYSIS, PASINETTI ON DISPROPORTIONAL GROWTH AND GOODWIN ON DYNAMIC DECOMPOSITION AND ECONOMIC FLUCTUATIONS. THE SECOND STRAND GOES BACK TO GEORGESCU-ROEGEN'S INTEREST IN AN ORGANISATIONAL THEORY OF PRODUCTION BASED UPON THE INTERRELATIONSHIP BETWEEN TASKS, FUND FACTORS AND MATERIAL TRANSFORMATIONS. THE APPROACH TAKEN INVOLVES A COMPREHENSIVE VIEW OF SUB-UNITS OF THE WHOLE ECONOMIC SYSTEM (SUCH AS PROCESSES, INDUSTRIES, VERTICALLY INTEGRATED SECTORS, EIGENSECTORS) REPRESENTING DYNAMICS OF STRUCTURAL ADAPTATION AND COMPOSITIONAL CHANGE. FURTHERMORE, A DETAILED REPRESENTATION OF MICRO-ORGANISATIONAL FEATURES LEADS TO THE ANALYSIS OF NETWORKS AND NETWORKING PROCESSES WITHIN AND AMONGST SUCH SUB-UNITS.