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Author Scherer, F.M
Title New Perspectives on Economic Growth and Technological Innovation
Imprint Washington : Brookings Institution Press, 1999
book jacket
Descript 1 online resource (179 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
Note Intro -- Preface -- Contents -- 1 Introduction -- 2 Traditional Views of Economic Growth -- 3 The Transition to New Paradigms -- 4 Interim Evaluation -- 5 Investing in Technological Innovation -- 6 Human Capital -- 7 Conclusion -- Notes -- Index -- British-North American Committee
Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century. Copublished with the British-North American Committee
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
Link Print version: Scherer, F.M. New Perspectives on Economic Growth and Technological Innovation Washington : Brookings Institution Press,c1999 9780815777946
Subject Economic development -- History.;Technological innovations -- Economic aspects -- History
Electronic books
Alt Author Bett, Michael
Rogers, Robert
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