The Theory of Economic Growth
Title | The Theory of Economic Growth PDF eBook |
Author | W. Arthur Lewis |
Publisher | |
Pages | |
Release | 1970 |
Genre | |
ISBN |
The Theory of Economic Development
Title | The Theory of Economic Development PDF eBook |
Author | Joseph A. Schumpeter |
Publisher | Routledge |
Pages | 206 |
Release | 2021-05-16 |
Genre | Business & Economics |
ISBN | 1000385892 |
Joseph Schumpeter (1883–1950) is one of the most fascinating and influential economists of the twentieth century, renowned for his brilliant and unorthodox insights into the nature of capitalism. His students include leading economists such as Paul Samuelson, Robert Solow and the former chairman of the Federal Reserve, Alan Greenspan. The Theory of Economic Development is one of Schumpeter's most important books and the one that made him famous. He poses a fundamental question: why does economic development proceed cyclically rather than evenly? Turning prevailing economic theory, which approached economics as equilibrium, on its head, Schumpeter argues it is because economics is constantly transformed by its own internal forces. These forces are the 'circular flow' of economic life; economic development, characterised by disruption and innovation; and finally, the levers that push and pull capitalism including credit, profit and interest. These are all manifested in the ‘business cycle’, one of Schumpeter's major contributions to understanding economics and now a perennial feature of virtually all economics and business curricula. He is also the first economist to place the entrepreneur at the heart of capitalism, anticipating subsequent fascination with entrepreneurship in popular business and management writing. Schumpeter also lays the groundwork for his subsequent, highly influential idea of the 'creative destruction' characteristic of radical and rapid economic change. The Theory of Economic Development remains a vital, magisterial account of economics and the nature of capitalism whose many insights remain highly relevant today. This Routledge Classics edition includes a new Introduction by Richard Swedberg.
A Theory of Economic Growth
Title | A Theory of Economic Growth PDF eBook |
Author | David de la Croix |
Publisher | Cambridge University Press |
Pages | 400 |
Release | 2002-10-24 |
Genre | Business & Economics |
ISBN | 9780521001151 |
This book provides an in-depth treatment of the overlapping generations model in economics incorporating production.
The Theory of Economic Progress
Title | The Theory of Economic Progress PDF eBook |
Author | Clarence Edwin Ayres |
Publisher | |
Pages | |
Release | 1962 |
Genre | |
ISBN |
The Theory of Economic Progress
Title | The Theory of Economic Progress PDF eBook |
Author | Clarence Edwin Ayres |
Publisher | |
Pages | 380 |
Release | 1978 |
Genre | Business & Economics |
ISBN |
The Theory of Economic Progress
Title | The Theory of Economic Progress PDF eBook |
Author | John Bates Clark |
Publisher | |
Pages | 614 |
Release | 1896 |
Genre | Currency question |
ISBN |
Unified Growth Theory
Title | Unified Growth Theory PDF eBook |
Author | Oded Galor |
Publisher | Princeton University Press |
Pages | 344 |
Release | 2011-04-11 |
Genre | Business & Economics |
ISBN | 140083886X |
For most of the vast span of human history, economic growth was all but nonexistent. Then, about two centuries ago, some nations began to emerge from this epoch of economic stagnation, experiencing sustained economic growth that led to significant increases in standards of living and profoundly altered the level and distribution of wealth, population, education, and health across the globe. The question ever since has been--why? This is the first book to put forward a unified theory of economic growth that accounts for the entire growth process, from the dawn of civilization to today. Oded Galor, who founded the field of unified growth theory, identifies the historical and prehistorical forces behind the differential transition timing from stagnation to growth and the emergence of income disparity around the world. Galor shows how the interaction between technological progress and population ultimately raised the importance of education in coping with the rapidly changing technological environment, brought about significant reduction in fertility rates, and enabled some economies to devote greater resources toward a steady increase in per capita income, paving the way for sustained economic growth. Presents a unified theory of economic growth from the dawn of civilization to today Explains the worldwide disparities in living standards and population we see today Provides a comprehensive overview of the three phases of the development process Analyzes the Malthusian theory and its empirical support Examines theories of demographic transition and their empirical significance Explores the interaction between economic development and human evolution