Endogenous Growth Theory

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Exploring growth economics through expert collaboration.

If you're into economics, particularly the intricate dance of growth theories, "Endogenous Growth Theory" should satisfy your intellectual curiosity. It's a deep dive orchestrated by Aghion and Howitt, with the adept insights of García-Peñalosa and others, melding theoretical frameworks with practical applications. You'll emerge with a more nuanced understanding of how economies expand from within.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

Endogenous Growth Theory

Regular price
Unit price
per
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ISBN: 9780262011662
Publisher: The MIT Press
Date of Publication: 1999-01-01
Format: Hardcover
Related Collections: Economics, Business, Science
Related Topics: Finance, Sociology, Technology, Society
Goodreads rating: 3.25
(rated by 4 readers)

Description

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. 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.
 

Exploring growth economics through expert collaboration.

If you're into economics, particularly the intricate dance of growth theories, "Endogenous Growth Theory" should satisfy your intellectual curiosity. It's a deep dive orchestrated by Aghion and Howitt, with the adept insights of García-Peñalosa and others, melding theoretical frameworks with practical applications. You'll emerge with a more nuanced understanding of how economies expand from within.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.