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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porate the assumption that only one firm (or country) has minimized cost. In the
conventional approach to productivity measurement, both firms are assumed to
have minimized costs, so consistency requires the use of superlative index ...
High-quality goods produced at low cost cannot immediately be put on the
market but must be developed after the initial investments in plant and equipment
have been made. Technological complexity, therefore, creates the opportunity for
The function of such organization is to spread out fixed costs by achieving high
levels of throughput while controlling variable costs, so that, as in the standard
textbook depiction of the Marshall ian firm, increasing costs do not occur as ...
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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