Favorites of fortune: technology, growth, and economic development since the Industrial Revolution
A galaxy of distinguished international economists and historians pit economic history against the shaky assumptions of the classical economic theory of natural growth. Their explanations consider the factors of technology, entrepreneurialism, and paths to economic growth, but each reflects an ideological wave of explanation that has marked the last two hundred years.
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One could select examples at will, but perhaps the most revealing is the
encounter of Britain and China, the most advanced of the new rich and the
greatest of the old. At the end of the eighteenth century, when Britain was barely
launched on ...
It may be a big mistake to conclude that Britain's labor-intensive growth strategy
was a Good Thing. Do Heaton's "modest" investment requirements reflect an
attempt to achieve an industrial revolution on the cheap? If so, what did the
Table 13.9 Average (ACOR) and incremental (ICOR) capital-output ratios in
Britain, 1800-1860, compared with other industrial revolutions. Source:
Williamson (1990, table 10.1, p. 271). character of both estimates. Although
Britain's ICOR was ...
Co říkají ostatní - Napsat recenzi
On Technology and Growth
Paul A David The Hero and the Herd in Technological
Rudolf Braun The Docile Body as an Economic1ndustrial
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