Economic Theory, Technical Progress and the Case of Germany

Focusing on a Kaldorian approach to technical progress, this monograph explores fundamental aspects of modern economic mechanisms, including production, growth, and income distribution. It presents models that describe the technical progress operating in the post-war German economy, diverging from classical and neoclassical economics. The latest growth model incorporates both physical and human capital, emphasizing the role of time in economic activity. Aimed at a broad audience, the study offers insights into the political economy of contemporary capitalism.