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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The trade-off of cleaner air for a smaller physical output may be the socially
preferable option. Indeed, through extensive use of regulation, society has long
acknowledged that purely economic efficiency is most likely not attainable.
We begin by looking at capital-output ratios. Here we have an advantage over
Landes since Charles Feinstein's (1978) careful estimates were published almost
a decade after Prometheus. If investment requirements during the First Industrial
Technological change was subsumed in a marginal capital-output ratio or
productivity variable. And when theorists and statisticians sought to account for
the determinants of the rate of increase in output, they did so by throwing
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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