Way It Worked and Why It Won't, The
Language: English
Published by Bloomsbury USA 3pl, 1999
- Hardcover
- New

Seller: PBShop.store US, Wood Dale, IL, U.S.A.PBShop.store US
AbeBooks seller since April 7, 2005
Condition: New
US$ 118.08
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Add to basketItem description from seller
Seller Inventory # L1-9780275965310
- Title
- Way It Worked and Why It Won't, The
- Author
- Bjork, Gordon C.
- Publisher
- Bloomsbury USA 3pl
- Publication year
- 1999
- Condition
- New
- Binding
- HRD
- Language
- English
- ISBN 10
- 0275965317
- ISBN 13
- 9780275965310
- Item weight
- 737 grams
While the decline of U.S. economic growth has been widely recognized and debated by professional economists, no one has until now offered a comprehensive description and explanation. Professor Bjork does so, and he explains the growth slowdown as a natural consequence of economic maturity.
In addition, Bjork explains how productivity growth occurs within industries and the economy as a whole and how accounting conventions fail to account for growth in expanding sectors of the economy such as services and government. He quantifies the effects of structural change in slowing the rate of growth, and he demonstrates why taxes and transfer payments for the education of the young and the maintenance and health care of the retired population necessarily increase with economic growth and maturity. This is an important synthesis for professional economists and policy makers as well as students and the concerned public.
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PBShop.store US
Wood Dale, IL, U.S.A.
AbeBooks seller since April 7, 2005
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