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A New View of Economic Growth (Clarendon Paperbacks) PDF

643 Pages·1991·3.696 MB·English
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by Maurice FitzGerald Scott| 1991| 643 pages| 3.696| English

About A New View of Economic Growth (Clarendon Paperbacks)

Traditional economic theories explain the level and growth of output by three main variables: employment, the capital stock, and technical progress. This book presents a major new theory of economic growth which explains changes in output over a given period and uses only employment growth and rate of investment as the main explanatory variables. The author also demonstrates how this theory can be used to explain why growth rates differ between different countries and periods, and why shares of wages and profits differ.

Detailed Information

Author:Maurice FitzGerald Scott
Publication Year:1991
ISBN:9780198286745
Pages:643
Language:English
File Size:3.696
Format:PDF
Price:FREE
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