A New View of Economic Growth (Clarendon Paperbacks) - Softcover

Scott, Maurice FitzGerald

Softcover

ISBN 10: 0198287429 ISBN 13: 9780198287421

Verlag: Clarendon Press, 1991

Inhaltsangabe

Book by Scott Maurice FitzGerald

Über diesen Titel

Críticas

"One of the most interesting and controversial books on economic growth to have appeared in recent years. It skillfully blends theoretical and applied analyses and is well written."--The Economic Journal"The book offers a consistent and novel way of describing the growth process, one that can be taken to the data and compared with alternative models of growth....It will yield a stream of payoffs in the form of challenging insights and provocative claims."Journal of Economic Literature

Reseña del editor

This book presents a major new theory of economic growth. Orthodox theories explain both the level and growth of output by three main variables: employment, the capital stock, and technical progress. The new theory does not attempt to explain the level of output, only its change over a given period, and so is more historical. The capital stock is not of central interest, and there is no separate rate of technical progress. The two main explanatory variables are the growth of employment and the rate of investment. As well as demolishing existing orthodox theories, the book demonstrates that the new theory can be used to explain why growth rates differ between different countries (mainly the United States, Japan, and the United Kingdom) and periods, and why the shares of profits and wages differ. Verdoon's and Fabricant's Laws relating to productivity growth in different industries; taxation; optimum growth; and the productivity slow-down after 1973 are also discussed.

Details zur Ausgabe

• Verlag: Clarendon Press
• Erscheinungsdatum: 1991
• ISBN 10: 0198287429
• ISBN 13: 9780198287421
• Einband: Tapa blanda
• Sprache: Englisch
• Anzahl der Seiten: 544