The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of the current views of economists on the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changing character of industries and occupations. These essays disclose the central role of technological progress, take up the relations of science, technology, and business, and discuss the conditions that make for investment...
The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the...
Economics both describes the way economic forces work and studies the effi ciency, or ineffi ciency, that results. These two aspects of economics have probably never been wholly separated, and it is debatable how far it is possible or desirable to separate them. The question will ultimately be answered by evaluating these different theoretical methods in terms of the results they deliver.
The theory of economic effi ciency uniquely incorporates problem of ideals of good conduct and welfare; in short, of morals and ethics. Preface to Social Economics presents thumbnail...
Economics both describes the way economic forces work and studies the effi ciency, or ineffi ciency, that results. These two aspects of economics h...
