New Perspectives on Economic Growth and Technological Innovation
Publisher: Brookings Institution Press
Published: July 1999
Language: eng
Format: Paperback
Number of pages: 160
ISBN-13: 9780815777953
Subjects: Economic theory & philosophy; Microeconomics; Political economy; Development - Business Development; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - Theory; Economics - General
Description: "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."--Jacket.