Preface; Acknowledgements; List of symbols; 1. Economic theory and the neglect of structural change; 2. A pure labour production economy; 3. Proportional dynamics; 4. Structural dynamics; 5. The evolving structure and level of prices; 6. Consumption, savings, rate of interest and inter-temporal distribution of income; 7. On the evolving structure of long-term development; 8. From the 'actual' towards the 'natural' economic system - the rôle of institutions; 9. Boundedness of economic systems, and international economic relations; References; Index.

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This book is a theoretical investigation of the development through time of a 'pure labour' economy.

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"Pasinetti's careful and lucid analysis yields valuable insights into some of the most complex and seemingly intractable problems confronting industrialized nations in the 1990s." Christopher Brown, Journal of Economic Issues "...every reader will benefit, both at an elementary and at a more advanced level." Bertram Schefold, Journal of Economic Literature

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