Economists since the First Industrial Revolution have been
interested in the links between economic growth and resources,
often pointing to resource scarcities as a hindrance to growth.
Offering a counter perspective, this volume highlights the positive
role that scarcities can play in inducing technical progress and
economic growth. It outlines a structural framework for the
political economy of scarcity and rents, and offers a novel way of
organizing the evidence concerning the role of resources in
industrial growth. This book proposes a major shift in the
treatment of scarcity issues by focusing on bottlenecks and
opportunities arising within the production system, and will appeal
to economists and policy makers interested in the role of resources
as triggers of structural change.
General
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