The Divergent Dynamics of Economic Growth : Studies in Adaptive Economizing, Technological Change, and Economic Development
Language: English
Published by Cambridge University Press, 2007
- Softcover
- New
Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH
AbeBooks seller since August 14, 2006
Condition: New
£ 68.05
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Add to basketItem description from seller
Druck auf Anfrage Neuware - Printed after ordering - This book explains how changing technology and economizing behaviour induce vast changes in productivity, resource allocation, labour utilization, and patterns of living. Economic growth is seen as a process by which businesses, regimes, countries, and the whole world pass through distinct epochs, each one emerging from its predecessor, each one creating the conditions for its successor. Viewed from a long-run perspective, growth must be characterized as an explosive process, marked by turbulent transitions in social and political life as societies adapt to new opportunities, the demise of old ways of living, and to the vast increase and redistribution of human populations. The book is based on a synthesis of classical economics and contemporary concepts of adaptation and economic evolution. Although it is based on analytical methods, the text has been stripped of all equations and with few exceptions is devoid of technical jargon.
Seller Inventory # 9780521681056
- Title
- The Divergent Dynamics of Economic Growth : Studies in Adaptive Economizing, Technological Change, and Economic Development
- Author
- Richard H. Day
- Publisher
- Cambridge University Press
- Publication year
- 2007
- Condition
- Neu
- Binding
- Taschenbuch
- Language
- English
- ISBN 10
- 0521681057
- ISBN 13
- 9780521681056
- Item weight
- 421 grams
- Dimensions
- 229x152x15 mm
"Synopsis" may belong to another edition of this title.
Review
'This well-written book contains Richard Day's achievements in advancing a provocative and interesting point of view toward economics. He asserts that actual economies are never in economic equilibrium, because that implies perfect coordination. Rather, individuals follow habitual routines or attempt to improve their situation through changes based on limited understanding or even act experimentally. Their innovations can cause great harm as well as progress.' Truman Bewley, Yale University
'The nature of economic change is a mightily important issue that the great body of modern economics has not stressed. This very readable volume introduces 40 years of original work on the dynamics of economic growth by an exceptionally creative economist. Professor Day uses recursive models to synthesize classical, neoclassical, and evolutionary points of view and empirically tests his approach on economic sectors where change is rapid and also on epochal changes in social systems. A great oeuvre by an innovative scholar who is not afraid to think about things in the right way.' Thrainn Eggertsson, University of Iceland
'In this new work, Richard Day has capped a distinguished career of contributions to the study of adaptive economic systems. He has provided us with a creative synthesis of traditional microeconomics and the analysis of evolutionary economic change.' Vernon L. Smith, Nobel Laureate, George Mason University
'What Dick Day brings to the growth discussion is an extraordinary combination of breadth of vision and depth of analytical penetration. Readers will experience a sense of intellectual adventure fully appropriate to the grand topic of economic transformation and human progress.' Sidney Winter, The Wharton School, University of Pennsylvania
"About the title" may belong to another edition of this title.
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