Technology, Institutions, and Economic Growth:
This volume mounts a full-blown attack on the standard neo-classical theory of economic growth, which Richard Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance inv...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
Harvard University Press
[2022]
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| Schlagworte: | |
| Online-Zugang: | FAW01 FAB01 FCO01 FHA01 FKE01 FLA01 UPA01 UBG01 Volltext |
| Zusammenfassung: | This volume mounts a full-blown attack on the standard neo-classical theory of economic growth, which Richard Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way. Nelson also argues that a theory of economic growth driven by technological advance must recognize a range of institutions, such as universities, public laboratories, and government agencies, in addition to business firms and markets. He further argues that growth theories that focus on an aggregate measure of growth, such as GNP per capita, are blind to what is going on beneath the aggregate, where differing rates of advance in different sectors, and the birth and death of industries are an essential part of the growth process. The broad theory of economic growth Nelson presents sees the process as involving the co-evolution of technologies, institutions, and industry structure |
| Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 31. Jan 2022) |
| Beschreibung: | 1 online resource (312 pages) |
| ISBN: | 9780674275478 |
| DOI: | 10.4159/9780674275478 |
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| spelling | Nelson, Richard R. Verfasser aut Technology, Institutions, and Economic Growth Richard R. Nelson Cambridge, MA Harvard University Press [2022] © 2005 1 online resource (312 pages) txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 31. Jan 2022) This volume mounts a full-blown attack on the standard neo-classical theory of economic growth, which Richard Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way. Nelson also argues that a theory of economic growth driven by technological advance must recognize a range of institutions, such as universities, public laboratories, and government agencies, in addition to business firms and markets. He further argues that growth theories that focus on an aggregate measure of growth, such as GNP per capita, are blind to what is going on beneath the aggregate, where differing rates of advance in different sectors, and the birth and death of industries are an essential part of the growth process. The broad theory of economic growth Nelson presents sees the process as involving the co-evolution of technologies, institutions, and industry structure In English BUSINESS & ECONOMICS / International / Economics bisacsh Economic development Institutional economics Technology Economic aspects https://doi.org/10.4159/9780674275478 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Nelson, Richard R. Technology, Institutions, and Economic Growth BUSINESS & ECONOMICS / International / Economics bisacsh Economic development Institutional economics Technology Economic aspects |
| title | Technology, Institutions, and Economic Growth |
| title_auth | Technology, Institutions, and Economic Growth |
| title_exact_search | Technology, Institutions, and Economic Growth |
| title_exact_search_txtP | Technology, Institutions, and Economic Growth |
| title_full | Technology, Institutions, and Economic Growth Richard R. Nelson |
| title_fullStr | Technology, Institutions, and Economic Growth Richard R. Nelson |
| title_full_unstemmed | Technology, Institutions, and Economic Growth Richard R. Nelson |
| title_short | Technology, Institutions, and Economic Growth |
| title_sort | technology institutions and economic growth |
| topic | BUSINESS & ECONOMICS / International / Economics bisacsh Economic development Institutional economics Technology Economic aspects |
| topic_facet | BUSINESS & ECONOMICS / International / Economics Economic development Institutional economics Technology Economic aspects |
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