Nelson, THE SOURCES OF ECONOMIC GROWTH

Richard R. Nelson, THE SOURCES OF ECONOMIC GROWTH
Nakladnik HARVARD UNIVERSITY PRESS England 2000
Meki uvez. 328 stranica.
Knjiga je na engleskom jeziku.

Technological advance is the primary force behind economic growth, argues Richard Nelson in this new collection. Investments in physical and human capital contribute to growth largely as handmaidens to technological advance. And 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.

[A] remarkably wise and perceptive collection of essays… [Nelson] provides an accessible introduction to growth theory. In unraveling the mystery of economic growth, Nelson argues that the keys are usually the things that the standard economic models leave out or take for granted: history, corporate cultures and political institutions. At the center of it is innovation, new technology, new ways of doing business—and how these ideas are dispersed through a firm, from one firm to another, from one country to another… Nelson resists the allure of simple formulas or sweeping prescriptions, sticking to his fundamental observation that growth is a dynamic process that takes many different forms and results from the interplay of lots of different factors. (Steven Pearlstein, Washington Post Book World)

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