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With American productivity growing at ever-smaller rates and international stock markets in spectacular turmoil, this distinguished book by one of the greatest living economists is more timely than ever. Organized around the famous Harrod-Domar conditions for equilibrium in a growing economy, Growth Theory: An Exposition presents a concise survey of the modern macroeconomic theory of growth, showing how the character of full-employment growth equilibrium changes and enlarges as more complicated assumptions are made about technology, invention, saving, and the existence of monetary assets. The book explores general policy issues and includes an elementary exposition of the problem of optimal paths of capital accumulation, and the discounting of the benefits of public investments. The paperback edition features the full text of Solow's Nobel Prize acceptance speech.
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Robert M. Solow, Professor of Economics, Massachusetts Institute of Technology; Winner of the 1987 Nobel Prize for Economics.
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Book Description Oxford University Press, 1988. Paperback. Condition: New. Never used!. Seller Inventory # P110195056094
Book Description Oxford University Press. PAPERBACK. Condition: New. 0195056094 New Condition. Seller Inventory # NEW7.0973278
Book Description Condition: New. New. Seller Inventory # S-0195056094
Book Description Oxford University Press, 1988. Condition: New. book. Seller Inventory # M0195056094
Book Description Oxford University Press, USA, 1988. Paperback. Condition: New. 2nd. Seller Inventory # DADAX0195056094