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The Sources of Economic Growth

Technological advance is the key driving force behind economic growth, argues Richard Nelson. Investments in physical and human capital contribute to growth largely as handmaidens to technological advance. Technological advance needs to be understood as an evolutionary process, depending much more on ex post selection and learning than on ex ante calculation. That is why it proceeds much more rapidly under conditions of competition than under monopoly or oligopoly.

Nelson also argues that an adequate theory of economic growth must incorporate institutional change explicitly. Drawing on a deep knowledge of economic and technological history as well as the tools of economic analysis, Nelson exposes the intimate connections among government policies, science-based universities, and the growth of technology. He compares national innovation systems, and explores both the rise of the United States as the world's premier technological power during the first two-thirds of the twentieth century and the diminishing of that lead as other countries have largely caught up.

Lucid, wide-ranging, and accessible, the book examines the secrets of economic growth and why the U.S. economy has been anemic since the early 1970s.

Procurando The Sources of Economic Growth? Aqui você encontra tudo sobre este livro de Professor of International and Public Affairs Richard R Nelson, publicado por Harvard University Press em 15 de março de 2000. Nesta página estão a descrição da obra, os detalhes da edição (336 páginas) e os formatos disponíveis para baixar: pdf, epub, txt, djvu. Se você gosta de Livros Internacionais, Administração, Negócios e Economia, Economia, Condições Econômicas, explore também outros títulos da mesma categoria no Encontrando os melhores livros. Veja ainda as outras obras de Professor of International and Public Affairs Richard R Nelson em nosso catálogo.

Número de páginas:336
Isbn 10:0674001729
Isbn 13:9780674001725
Encadernação:Capa Comum
Edição The Sources of Economic Growth:Revised ed.
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