Structural Economics

Structuralist economics emphasizes the importance of identifying structural features such as the social relations amongst broad groups of actors in the economic system as a source of rigidities or time lags that constrain economic growth and development. It looks beyond the price mechanism as a source steady growth and equitable income distribution. The object of sturcturalist analysis includes output determination, distributive conflict conflict and inflation, growth, cycles, relationships between the real and financial sectors, and open economy complications.