Thinking about Growth: And Other Essays on Economic Growth and Welfare

Thinking about Growth: And Other Essays on Economic Growth and Welfare

by Moses Abramovitz
     
 

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

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Overview

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 in research and the widespread exploitation of new knowledge. They show how Japan and Europe had an unusual opportunity after the war to advance rapidly by following in paths of technology and industrial organization pursued earlier by the United States, and how a remarkable set of circumstances and policies governing trade, investment, population migration, and money worked together to sustain rapid and concerted growth for many years.

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Product Details

ISBN-13:
9780521407748
Publisher:
Cambridge University Press
Publication date:
01/28/2004
Series:
Studies in Economic History and Policy: USA in the Twentieth Century Series
Edition description:
New Edition
Pages:
400
Product dimensions:
5.98(w) x 8.98(h) x 0.87(d)

Table of Contents

Editors' preface; Preface; Part I. Growth and the Economists: 1. Thinking about growth; 2. Economics of growth; Part II. Studies in Long-Term Growth: 3. Resource and Output Trends in the United States since 1870; 4. Economic growth in the United States: a review article; 5. Manpower, capital, and technology; 6. Rapid growth potential and its realization: the experience of capitalist economies in the postwar period; 7. Catching up, forging ahead, and falling behind; Part III. Long Swings in Economic Growth: 8. The nature and significance of Kuznets cycles; 9. The passing of the Kuznets cycle; Part IV. Growth and Welfare: 10. Economic goals and social welfare in the next generation; 11. Growing up in an affluent society; 12. The retreat from economic advance: changing ideas about economic progress; 13. Welfare quandaries and productivity concerns.

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