Sustaining structural change: Malthus's heritage
Résumé
By putting Malthus' and Smith's viewpoints in different dynamic perspectives this paper aims to show important aspects of out of equilibrium processes of change; in particular the distortion of productive capacity associated with a structural modification and its effects over time. It is stressed that—abstracting from particular cases, of which endogenous growth is certainly one—some kind of external intervention appears as an essential element for the viability of the out of equilibrium processes of change caused by structural modifications.