Why Economies Grow
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Book Overview
The forces that shape economic growth: The size of markets. Large markets make economies of scale possible and thus encourage saving, investing, and the development of new products. The availability of information and the literacy of the population. The spread of information gives people access to scientific and technical ideas, products, and productive farming, manufacturing, and marketing techniques. Natural resources. These seem like primary requirements but are not: they depend on markets for their commercial value. Surplus capital,savings,that can be used as investment. Basic economic rights such as guarantees of property and contracts. Entrepreneurialism, creativity, and the human drive for self-improvement. Technology and invention. While commonly seen as primary (or even the only) requirements for growth, these are strongly dependent on other factors.
Format:Hardcover
Language:English
ISBN:0465043119
ISBN13:9780465043118
Release Date:October 2002
Publisher:Basic Books
Length:256 Pages
Weight:1.23 lbs.
Dimensions:0.9" x 6.4" x 9.6"
Customer Reviews
1 rating
Timely and Relevant
Published by Thriftbooks.com User , 15 years ago
A very readable analysis of recent economic history by a professor of economics at Princeton University. A helpful explanation of where we are today, it puts in context why the Obama administration is doing what it is doing.
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