Economic Growth: A Unified Approach - Hardcover

De La Grandville, Olivier De La

Hardcover

ISBN 10: 0521898013 ISBN 13: 9780521898010

Publisher: Cambridge University Press, 2009

Synopsis

How can society improve its living standards? What are the conditions necessary for prosperity? These are the questions that define the essence of growth theory. In this user-friendly book, Olivier de la Grandville provides a fascinating introduction to the theory of economic growth and shows how many results from this field are of paramount importance for society. The classical mechanics of the growth process are carefully explained, with two chapters devoted to the fundamental issue of the substitution of labor for capital in the growth process (co-written with Robert M. Solow, winner of the Nobel Prize in Economics). The book also addresses the fundamental question of the optimal investment rate of an economy. In addition, de la Grandville shows us that by unifying the descriptive and normative aspects of growth theory we can generate many fresh insights, including a proof of Adam Smith's 'Invisible Hand' conjecture.

About this title

Book Description:

How can society improve its living standards? What are the conditions necessary for prosperity? These are the questions that define the essence of growth theory. In this user-friendly book, Olivier de la Grandville provides a fascinating introduction to the theory of economic growth.

About the Author:

Olivier de La Grandville is Visiting Professor in the Management Science and Engineering Department at Stanford University, a position he has held since 1988. He was Professor of Economics at the University of Geneva between 1978 and 2007 and is the author of seven books on a wide range of topics in microeconomics, macroeconomics and finance.

About this edition

• Publisher: Cambridge University Press
• Publication date: 2009
• ISBN 10: 0521898013
• ISBN 13: 9780521898010
• Binding: Hardcover
• Edition number: 1
• Number of pages: 376