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The Path of Economic Growth

The Path of Economic Growth

Paperback

Business GeneralEconomics

ISBN10: 0521125332
ISBN13: 9780521125338
Publisher: Cambridge
Published: Dec 17 2009
Pages: 352
Weight: 1.14
Height: 0.79 Width: 6.00 Depth: 9.00
Language: English
The writings on the theory of economic growth share almost without exception two characteristics - they deal exclusively with steady growth or equilibrium dynamics, and they try to predict the actual course of long-term development on the basis of greatly oversimplified behaviour assumptions. This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli - changes in labour supply, in natural resources, and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.

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Business General