Items related to A New View of Economic Growth

A New View of Economic Growth - Softcover

Scott, Maurice FitzGerald

 
9780198287421: A New View of Economic Growth

Synopsis

Traditional economic theories explain the level and growth of output by three main variables: employment, the capital stock, and technical progress. This book presents a major new theory of economic growth which explains changes in output over a given period and uses only employment growth and rate of investment as the main explanatory variables. The author also demonstrates how this theory can be used to explain why growth rates differ between different countries and periods, and why shares of wages and profits differ.

"synopsis" may belong to another edition of this title.

About the Author

Maurice FitzGerald Scott is at Nuffield College, Oxford.

"About this title" may belong to another edition of this title.