A Reconsideration of the Theory of Non-Linear Scale Effects: The Sources of Varying Returns to, and Economies of, Scale (Elements in Evolutionary Economics) - Softcover

Lipsey, Richard G.

 
9781108453097: A Reconsideration of the Theory of Non-Linear Scale Effects: The Sources of Varying Returns to, and Economies of, Scale (Elements in Evolutionary Economics)
Softcover
ISBN 10: 1108453090 ISBN 13: 9781108453097
Publisher: Cambridge University Press, 2018

Synopsis

The main thrust of this Element is a critical assessment of the theory and evidence concerning the sources of scale effects. It is argued that the analysis of static scale effects is important because scale effects are embedding in our world, and new technologies associated with an evolving economy often allow their exploitation when they cannot be exploited in less technically advanced and smaller economies. So, although static equilibrium theory is not a good vehicle for studying economic growth, showing how scale effects operate when output varies with given technology helps us to understand the scale effects that occur when output rises as a result of economic growth, even though that is typically driven by technological change.

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

Book Description

This book provides a critical assessment of the theory and evidence concerning the sources of scale effects. The analysis of static scale effects is important because scale effects are embedding in our world.

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

Publisher
Cambridge University Press
Publication date
2018
Language
English
ISBN 10 
1108453090
ISBN 13 
9781108453097
Binding
Paperback
Edition number
1
Number of pages
114