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Economists since the first industrial revolution have been interested in the links between economic growth and the resources needed to support the growth process, often pointing to resource scarcities as a hindrance to growth. Offering a counter perspective, this volume highlights the positive role that scarcities play in triggering technical progress and economic growth. It provides a new approach to the economic theory of resources by outlining a structural framework for the political economy of scarcity and rents, and offers a novel way of organising empirical evidence concerning the role...

Resources, Production and Structural Dynamics offers a fresh approach to the economic theory of resources, outlining a new structural framework for the political economy of scarcity and rents, and proposing a novel way of organising empirical evidence concerning the role of resources in industrial growth.