Microeconomics, Growth and Political Economy: The Selected Essays of Richard G. Lipsey (Economists of the Twentieth Century)

This text is the first of two volumes which collect together some of Professor Lipsey's previously unpublished or inaccessible essays. The book contains papers on economic growth and technical change, monetary and value theory, the theory of second best, international trade theory, political economy and methodology. The book begins with an autobiographical introduction to the intellectual development, personal achievements and the fields of interest of Richard G. Lipsey and is divided into five parts. The first part considers various aspects of economic growth and technical change, taking into account the structuralist view, markets and the globalization of the economy. Part two is concerned with the microeconomics issues of second best theory and monetary and value theory. The third part looks at trade theory and surveys customs unions and competitiveness. Political eocnomy is considered in the fourth part which contains essays on topics such as the balance of payments, the survival of the market eocnomy, international liqudity theory and American trade policy. The final part features papers on methodology.