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Equilibrium (Economics) --- Multiplier (Economics) --- Causation
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Multiplier (Economics) --- Macroeconomics --- Keynesian economics
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This thought-provoking volume presents essays on the foundations of non-equilibrium economics, i.e. the principle of circular cumulative causation (CCC). This work presents empirical research on how the interplay of technology's increasing returns to scale, institutions, resources, and economic policy leads to virtuous circles of economic growth and development, but also to vicious circles of social and ecological degradation. In particular, evidence is provided for the important role of the ""development state"" and strategic trade policy, economies of large-scale production in manufacturi
Equilibrium (Economics) --- Multiplier (Economics) --- Causation.
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Multiplier (Economics) --- Saving and investment. --- Investments
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Economic development --- Multiplier (Economics) --- Saving and investment
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