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Long-run Growth, Social Institutions and Living Standards (Hardcover)
Loot Price: R3,957
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Long-run Growth, Social Institutions and Living Standards (Hardcover)
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This engaging book contains a set of original contributions to the
much-debated issues of long-run economic growth in relation to
institutional and social progress.It explores the mutual
relationships between living standards, social habits, education
and health systems, labour market regulation and participatory
rules on one hand, and the growth of the economy on the other.
These mutual relationships underpin the differences between
long-run growth rates in different countries, and in their
variations through time. The book also analyses fundamental
historical, empirical and theoretical aspects of the many
self-reinforcing mechanisms of growth, such as poverty traps or
industrial take-offs. It offers a lively representation of the
reasons why no lasting economic growth is possible without wider
institutional, intellectual and ethical progress. Uncommitted to a
specific overall economic theory, the contributors freely discuss
their understanding of specific aspects of this complex subject.
This stimulating integrated analysis of the main social drivers of
economic growth will strongly appeal both to academic and
practising economists, and to postgraduate students interested in
growth theory and social studies.
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