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
10 • • • Public Sector Entrepreneurship Jonathan Hughes How shall change be
instituted to meet new circumstances in large-scale units which, because they are
committed to comparatively static standards of efficiency, limit the capacity of ...
If we add state and local government expenditures (including all transfer
payments), just under $2 trillion was allocated by American governments, the
largest spending machine in the world save only the American economy's private
sector in ...
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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