Economic growth
Subtitle: how it works and how it transformed the world
By: Edward A. Hudson
Series: [Vernon Press series in economics]; Vernon Press series in economics
Publisher: Vernon Art and Science Inc.
Published: 2015
Language: eng
Number of pages: 611
ISBN-13: 9781622730216; 9781622730315
Subjects: Economic history; Economic development; History
Description: Economic Growth develops a new theory of growth. This new theory is based on careful analysis of actual growth; it covers the causes and mechanisms as well as the results of growth. This new theory extends conventional theory by operating at the industry level and by placing demand considerations at the forefront of growth. Demand growth - based on product innovation, marketing, credit and the consumer society - drives the economy forward while supply growth - based on investment and process innovation - sustains the growth in spending and incomes. Growth is not automatic but, in the right conditions, demand and supply expansion work together to generate sustained growth. Economic Growth offers a new view of growth, unique in its combination of historical depth, intellectual clarity and practical relevance. Its original insights will interest academic and professional economists, while its comprehensive treatment and lucid explanations make it an excellent guidebook for anyone interested in economic growth. -- cover.
Notes: Series statement on jacket.

Includes bibliographical references (pages 583-599) and index (pages 601-611).
Table of contents: title: Introduction; title: The world before economic growth; title: The start of growth, Britain; title: The leader, United States; title: Other countries, other systems; title: Effects of economic growth; title: Past theories of economic growth; title: The mechanics of growth; title: Extending the theory of economic growth; title: Conclusions; title: Appendix 1 Units of measurement; title: Appendix 2 The United Kingdom; title: Appendix 3 Sources of data; title: References; title: Index.