New Perspectives on Economic Growth and Technological Innovation

Scherer, F. M.

ISBN 10: 0815777957 / ISBN 13: 9780815777953

Published by Brookings Institution Press, 1999

May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less. Seller Inventory # G0815777957I4N00

Synopsis:

Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary new growth ideas, Scherer then supplies some foundational bricks concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century. Copublished with the British-North American Committee

About the Author: F. M. Scherer is Aetna Professor of Public Policy and Corporate Management in the Kennedy School of Government at Harvard University and former chief economist of the U.S. Federal Trade Commission. His numerous publications include Competition Policies for an Integrated World Economy (Brookings, 1994)

Bibliographic Details

Title: New Perspectives on Economic Growth and ...
Publisher: Brookings Institution Press
Publication Date: 1999
Binding: Paperback
Condition: Very Good
Dust Jacket Condition: No Jacket