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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In other words, because the productivity of labor depended on the technology in
use, which was accessible to all economies, the main reason why profit rates
differed across economies was different wage levels. 4. The modern sector used
The neoclassical intuition is that wages in the modern and in the traditional sector
would be strongly correlated, but in practice that does not seem always to have
been the case. Wages in the modern sector were increasing on average, while ...
The purpose, as we all know, was to assemble in a uniform, comparable manner
and analyze the data on the structural changes accompanying the process of
modern economic growth. This is conventionally measured in terms of real
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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