Theorists of Economic Growth from David Hume to the Present

Theorists of Economic Growth from David Hume to the Present : With a Perspective on the Next Century

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This book is the summation of a life's work by a distinguished economist. In it he surveys the important theorists in economics from David Hume and Adam Smith to the present, and explores how they chose to deal or not to deal with the variables and problems posed by the dynamics of economic growth. Each of the three historical sections is organized differently according to the particular way in which growth theory was treated in each period. A concluding section deals with what the author considers the unsolved problems of growth theory and the economic agenda facing the world into the next century. It is Rostow's intention that this work stand alongside Schumpeter's "The History of Economic Analysis" as a landmark work in the history of economic theory.
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Product details

  • Paperback | 732 pages
  • 152.9 x 233.7 x 33.3mm | 1,019.7g
  • Oxford University Press Inc
  • New York, United States
  • English
  • Reprint
  • numerous line figures and tables
  • 0195080432
  • 9780195080438
  • 2,110,964

Back cover copy

This is a book about theories of economic growth and the men and women who formulated them. It is also about the vicissitudes of the world economy over the past two and half centuries as they helped shape those theories. And it has something to say about the future---the future of the world economy, of political economy, and of public policy. Thus, it begins in the middle of the eighteenth century with David Hume and ends with a look into the next century.
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Review quote

stimulating and important * Walter Eltis, Economic History Review *
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Table of contents

Introduction; Part I: Six classical economists: David Hume to Karl Marx; David Hume and Adam Smith; T. R. Malthus and David Ricardo; Growth theory moves to the periphery, 1870-1939; The setting; Alfred Marshall (1842-1924); Population and the working force; Investment and technology, Part One: The emergence of national income accounting; Investment and technology, Part Two: Growth theory; J. S. Mill and Karl Marx; Part Three: Growth analysis post-1945: A three ring
circus: Introduction; Formal models of economic growth: Rise and subsidence; Statistical analyses of the structure of growth: from morphology to policy - almost; Development economics; Business cycles and growth: from Juglar to Keynes; Business cycles and growth: Keynes and after; Relative prices;
Stages of and limits to growth; Part Four: Problems and prospects; Two concluding questions; What don't we know about economic growth; Where are we? An agenda in mid-passage; Appendix: Models of economic growth; Rostow's theory of economic growth; The A. Smith model revisited; A rich country-poor country model
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