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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Marginal product i and real wage in I industry (I) Marginal product and real wage
in agriculture (A) A C G F •-Employment in industry Employment in agriculture
Figure 13.2 General equilibrium analysis of wage gaps in two sectors. Nor were
Low levels of agricultural productivity in food production have constrained food
supplies and foreign exchange for industrial imports. They have tended to
undergo long periods of inefficient import substitution and to experience foreign ...
The new high-yield varieties introduced in agriculture in a few regions of a few
developing countries, while tripling yields when combined with optimal amounts
of water, fertilizer, and labor, have been produced with traditional
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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