This book breaks fresh ground in the most challenging aspect of
economics and economic history the nature of economic growth.
Professor Gould considers a wide range of theories about growth
and its causes, and examines these theories in the light of modern
economic history. The first chapter sketches the historical
experience of growth in its broad contours. There follow
discussions of the contribution made by agriculture, savings and
investment, foreign trade, industrialization, technological change
and a number of residual elements. A final chapter offers a
critical survey of several leading theories of economic
development, judged in the light of actual historical
experience.
Throughout, the author has chosen to test theories rather than
to deploy data of historical change and then induce theory from it.
Often the result is somewhat discouraging, either because
historical reality proves to be too complex to be adequately
explained by even a sophisticated theory, or because practical
difficulties make it impossible to subject the theory in question
to a satisfactory test. Yet economists no less than economic
historians will value the exercise for removing so many confusions
from the study of development economics. Professor Gould 's highly
readable style and avoidance of unnecessary jargon ensure that his
book will be readily accessible to all those interested in problems
of global poverty and economic development. This book was first
published in 1972.
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