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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equation (7.5) could be calculated directly. The modem index number approach,
however, aims to effect the calculations solely using Q°, Q1, z°, z\ w°, and wl. The
notion of "exactness" provides the basis. An input quantity index /(z°, z1, w°, w1) ...
Conversely, British input price inefficiency is very high with e = 0, but it declines
as e increases. In the vicinity of e = 2, no British price inefficiency remains. It
disappears since the isoquant then parallels Britain's total cost line while cutting
throughout. That constancy is a feature of the example and not inherent in the
model. The input price effect equals the difference in the American unit cost
function resulting from the difference in British and American input prices: c(wl)/c(
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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