The Path of Economic Growth

By Adolph Lowe

Book Overview

The writings on the theory of economic growth share almost without exception two characteristics - they deal exclusively with steady growth or equilibrium dynamics, and they try to predict the actual course of long-term development on the basis of greatly oversimplified behaviour assumptions. This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli - changes in labour supply, in natural resources, and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.

• Format: Paperback
• Language: English
• ISBN: 0521125332
• ISBN13: 9780521125338
• Release Date: December 2009
• Publisher: Cambridge University Press
• Length: 352 Pages
• Weight: 1.14 lbs.
• Dimensions: 0.8" x 6.0" x 9.0"