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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Cobb-Douglas specification is chosen, this result provides further justification for
calling w'-j^/w'-jc3 a measure of price efficiency. The Efficiency of the British Iron
and Steel Industry in 1907 Let us use the nonoptimizing model to assess the ...
This result, however, must be regarded as suggestive rather than definitive. While
I have been able to relax the assumption that British firms were price- efficient,
the model still retains several standard assumptions that it would be desirable to
... for price and output; when "a casual disturbance" results in a substantial
increase in capacity and output (and, thereby, lower costs), a cessation of that
disturbance does not result in a return to the initial capacity- output-cost position;
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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