This book presents a major new theory of economic growth. Orthodox theories explain both the level and growth of output by three main variables: employment, the capital stock, and technical progress. The new theory does not attempt to explain the level of output, only its change over a given period, and so is more historical. The capital stock is not of central interest, and there is no separate rate of technical progress. The two main explanatory variables are the growth of employment and the rate of investment. As well as demolishing existing orthodox theories, the book demonstrates that the new theory can be used to explain why growth rates differ between different countries (mainly the United States, Japan, and the United Kingdom) and periods, and why the shares of profits and wages differ. Verdoon's and Fabricant's Laws relating to productivity growth in different industries; taxation; optimum growth; and the productivity slow-down after 1973 are also discussed.
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"One of the most interesting and controversial books on economic growth to have appeared in recent years. It skillfully blends theoretical and applied analyses and is well written."--The Economic Journal"The book offers a consistent and novel way of describing the growth process, one that can be taken to the data and compared with alternative models of growth....It will yield a stream of payoffs in the form of challenging insights and provocative claims."Journal of Economic Literature
This book presents a major new theory of economic growth. Orthodox theories explain both the level and growth of output by three main variables: employment, the capital stock, and technical progress. The new theory does not attempt to explain the level of output, only its change over a given period, and so is more historical. The capital stock is not of central interest, and there is no separate rate of technical progress. The two main explanatory variables are the growth of employment and the rate of investment. As well as demolishing existing orthodox theories, the book demonstrates that the new theory can be used to explain why growth rates differ between different countries (mainly the United States, Japan, and the United Kingdom) and periods, and why the shares of profits and wages differ. Verdoon's and Fabricant's Laws relating to productivity growth in different industries; taxation; optimum growth; and the productivity slow-down after 1973 are also discussed.
"Sobre este título" puede pertenecer a otra edición de este libro.
Librería: Better World Books Ltd, Dunfermline, Reino Unido
Condición: Very Good. Former library copy. Pages intact with possible writing/highlighting. Binding strong with minor wear. Dust jackets/supplements may not be included. Includes library markings. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Nº de ref. del artículo: 68593018-20
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Librería: Anybook.com, Lincoln, Reino Unido
Condición: Good. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Clean from markings. In good all round condition. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,1000grams, ISBN:9780198287421. Nº de ref. del artículo: 9850879
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Librería: Better World Books, Mishawaka, IN, Estados Unidos de America
Condición: Good. Pages intact with minimal writing/highlighting. The binding may be loose and creased. Dust jackets/supplements are not included. Stock photo provided. Product includes identifying sticker. Better World Books: Buy Books. Do Good. Nº de ref. del artículo: 12767894-6
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Librería: Phatpocket Limited, Waltham Abbey, HERTS, Reino Unido
Condición: Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. Nº de ref. del artículo: Z1-G-034-01943
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Librería: Chequamegon Books, Washburn, WI, Estados Unidos de America
Paperback. Condición: Very Good. Reprint of 1989 hardcover Edigion. Text block Near Fine (8 pges have a little underlining). The spine is lightly sunned, the rear cover has two faint vertical creases, the corners are lightly curved outward,.592 pages. Shipping may be extra for this heavy book, please inquire.; 6 x 9 ''. Nº de ref. del artículo: 53512
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Librería: Peak Dragon Books, Alfreton, Reino Unido
Soft cover. Condición: Very Good. This paperback has some creasing to the front. However, the spine is unbroken and the contents are unmarked. wt. 886g. xlix,592pp. This book has been carefully described by an experienced, independent, bookdealer, it is not for sale on other sites and the pictures are photographs of the actual book. Nº de ref. del artículo: 017390
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Librería: Bergoglio Libri d'Epoca, RIVALBA, TO, Italia
In 8° 50-592 pp. Paperback, spine sunned. A fine copy. All books are in stock in fine condition or described meticulously. Very safe packaging ***Books dated over 70 years old: ONLY SHIPPING WITHIN ITALY - please do not order if locaded abroad***. Nº de ref. del artículo: EC3354
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Librería: BennettBooksLtd, Los Angeles, CA, Estados Unidos de America
paperback. Condición: New. In shrink wrap. Looks like an interesting title! Nº de ref. del artículo: Q-0198287429
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