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Why Economies Grow - Jeff Madrick

Why Economies Grow

Hardcover Published: 25th September 2002
ISBN: 9780465043118
Number Of Pages: 256

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The forces that shape economic growth: --The size of markets. Large markets make economies of scale possible and thus encourage saving, investing, and the development of new products.--The availability of information and the literacy of the population. The spread of information gives people access to scientific and technical ideas, products, and productive farming, manufacturing, and marketing techniques.--Natural resources. These seem like primary requirements but are not: they depend on markets for their commercial value.--Surplus capital--savings--that can be used as investment.--Basic economic rights such as guarantees of property and contracts.--Entrepreneurialism, creativity, and the human drive for self-improvement.--Technology and invention. While commonly seen as primary (or even the only) requirements for growth, these are strongly dependent on other factors.

Forewordp. ix
Acknowledgmentsp. xiii
Why Economies Growp. 1
The Invention of the New Economyp. 13
The Importance of Economic Growthp. 31
The Causes of Industrial Revolutionp. 47
The Drama of the American Industrial Revolutionp. 69
The Productivity Slowdown of the Late Twentieth Centuryp. 87
Why We Grew Rapidly Againp. 115
The Challenges to Prosperityp. 133
Making America Grow: Challenges and Principlesp. 143
Making America Grow: An Agendap. 163
Why We Won't Do Itp. 179
Notesp. 199
Indexp. 233
Table of Contents provided by Syndetics. All Rights Reserved.

ISBN: 9780465043118
ISBN-10: 0465043119
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 256
Published: 25th September 2002
Country of Publication: US
Dimensions (cm): 24.1 x 16.2  x 2.54
Weight (kg): 0.52
Edition Number: 1