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The Path of Economic Growth Book
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Product Description
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.
- 0521125332
- 9780521125338
- Adolph Lowe
- 17 December 2009
- Cambridge University Press
- Paperback (Book)
- 352
- Reprint
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