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Structural Economic Dynamics

Structural Economic Dynamics

Paperback

Business GeneralEconomics

ISBN10: 0521029767
ISBN13: 9780521029766
Publisher: Cambridge
Published: Nov 2 2006
Pages: 208
Weight: 0.69
Height: 0.48 Width: 6.00 Depth: 9.00
Language: English
In this theoretical investigation of the development through time of a pure labor economy, the author shifts the theory of long-term economic development away from the traditional framework based on capital accumulation to new foundations based on learning and technical progress. He gives a detailed analysis of the structural dynamics of prices and production, and the necessary mobility of employment. Institutional and social learning, know-how, and the diffusion of information emerge as the decisive factors accounting for the success and failure of industrial societies.

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Business General