This book is the first comprehensive study of the theory of
circular and cumulative causation. This theory is concerned with
the general dynamics of growth and development in advanced
industrial economies and developing nations. A detailed analysis of
the theory's core concepts, including increasing returns, external
economies, complementarity in production and consumption and
technological change is provided. The book provides a detailed
account of the historical development of the concept and identifies
and critically assesses the major contributions of the chief
figures in this tradition.
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