Main Currents in Cumulative Causation

Phillip Toner has held senior positions in Australian state and federal governments, including the Federal Treasury.

'This is an exciting and insightful work and is much needed. It greatly expands our knowledge of theories of circular and cumulative causation and will serve to stimulate much new research in this important but hitherto neglected field.' - Professor Robert Dixon, Reader in Economics, University of Melbourne 'The concept of Circular and Cumulative Causation is frequently referred to in the literature, yet it has never been thoroughly analysed. This important book bridges the gap and develops an original interpretation...Phillip Toner performs an excellent task in systematising the contributions of Young, Myrdal, Hirschman, and Kaldor. The concept emerges as consisting of a complex and rich web of ideas whose strength lies in viewing technical phenomena as inseparable from historical and institutional processes.' - Joseph Halevi, Universite Pierre Mendes, Grenoble, France and University of Sydney, Australia '...a well-crafted work in the history of economic thought...' - Pasquale Commendatore, Review of Political Economy

• List of Figures Preface Acknowledgements List of Abbreviations INTRODUCTION PART I: ALLYN YOUNG: INCREASING RETURNS AND ECONOMIC PROGRESS PART II: PAUL. N. ROSENSTEIN-RODAN: FROM CIRCULAR CAUSATION TO BALANCED GROWTH PART III: ALBERT O. HIRSCHMAN: FROM BALANCED TO UNBALANCED GROWTH PART IV: GUNNAR MYRDAL: CIRCULAR AND CUMULATIVE CAUSATION AS THE METHODOLOGY OF THE SOCIAL SCIENCES PART V: NICHOLAS KALDOR: 'THE MARRIAGE OF YOUNG AND KEYNES' CONCLUSION Circular and Cumulative Causation: A Synthesis Endogenous Growth Theory Recent Studies of East Asian Development Future of the Circular and Cumulative Causation Research Programme Index