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Advanced economies have experienced a tremendous increase in material well- being since the industrial revolution. Modern innovations such as personal computers, laser surgery, jet airplanes, and satellite communication have made us rich and transformed the way we live and work. But technological change has also brought with it a variety of social problems. It has been blamed at various times for increasing wage and income inequality, unemployment, obsolescence of physical and human capital, environmental deterioration, and prolonged recessions.
To understand the contradictory effects of technological change on the economy, one must delve into structural details of the innovation process to analyze how laws, institutions, customs, and regulations affect peoples' incentive and ability to create new knowledge and profit from it. To show how this can be done, Philippe Aghion and Peter Howitt make use of Schumpeter's concept of creative destruction, the competitive process whereby entrepreneurs constantly seek new ideas that will render their rivals' ideas obsolete.
Whereas other books on endogenous growth stress a particular aspect, such as trade or convergence, this book provides a comprehensive survey of the theoretical and empirical debates raised by modern growth theory. It develops a powerful engine of analysis that sheds light not only on economic growth per se, but on the many other phenomena that interact with growth, such as inequality, unemployment, capital accumulation, education, competition, natural resources, international trade, economic cycles, and public policy.
About the Author:
Philippe Aghion is Robert C. Waggoner Professor of Economics at Harvard University. Aghion is coauthor (with Peter Howitt) of Endogenous Growth Theory (MIT Press, 1997).
Peter Howitt is Lyn Crost Professor of Social Sciences at Brown University. Howitt is coauthor (with Philippe Aghion) of Endogenous Growth Theory (MIT Press, 1997).
Title: Endogenous Growth Theory
Publisher: The MIT Press
Publication Date: 1997
Book Condition: Used: Good
Book Description The MIT Press, 1998. Book Condition: Good. Former Library book. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP10476363
Book Description The MIT Press. Hardcover. Book Condition: Good. 0262011662 Item in good condition. Textbooks may not include supplemental items i.e. CDs, access codes etc.EX LIBRARY BOOK. Bookseller Inventory # Z0262011662Z3
Book Description The MIT Press. Book Condition: Acceptable. A book with obvious wear. May have some damage to the cover or binding but integrity is still intact. There might be writing in the margins, possibly underlining and highlighting of text, but no missing pages or anything that would compromise the legibility or understanding of the text. Bookseller Inventory # 19-E-002031
Book Description The Mit Press Ltd. London, 1998. 708 pages Ex-Library Book in good condition. 9780262011662 Sprache: Englisch Gewicht in Gramm: 1440. Bookseller Inventory # 451547
Book Description MIT Press, 1998. Hardcover. Book Condition: Very Good. Bookseller Inventory # c44379
Book Description Cambridge, MIT Press Ltd, 1998. 694 Seiten Ex.-Libr., Good condition. Sprache: Englisch Gewicht in Gramm: 1660 25,4 x 18,0 x 3,8 cm, Hardcover. Bookseller Inventory # 549257
Book Description MIT Press, 1998. Hardcover. Book Condition: Bon. Ancien livre de bibliothèque. Edition 1998. Ammareal reverse jusqu'à 15% du prix net de ce livre à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Good. Former library book. Edition 1998. Ammareal gives back up to 15% of this book's net price to charity organizations. Bookseller Inventory # A-678-438
Book Description MIT Press, 1998. Hardcover. Book Condition: Très bon. Ancien livre de bibliothèque. Légères traces d'usure sur la couverture. Edition 1998. Ammareal reverse jusqu'à 15% du prix net de ce livre à des organisations caritatives. ENGLISH DESCRIPTION Book Condition: Used, Very good. Former library book. Slight signs of wear on the cover. Edition 1998. Ammareal gives back up to 15% of this book's net price to charity organizations. Bookseller Inventory # A-678-369
Book Description The MIT Press, 1997. Hardcover. Book Condition: Used: Very Good. Bookseller Inventory # SONG0262011662
Book Description The MIT Press, Cambridge, MA, 1998. Hardcover. Book Condition: VG+. 694 pages in very good, clean condition. Previous owner's name on ffep. Glossy orange boards with illustration and black titles. Spine a little faded, light wear on corners and edges. VG+. Bookseller Inventory # 214600