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The Divergent Dynamics of Economic Growth - Studies in Adaptive Economizing, Technological Change, and Economic Development (Paperback, New ed)
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The Divergent Dynamics of Economic Growth - Studies in Adaptive Economizing, Technological Change, and Economic Development (Paperback, New ed)
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This book explains how changing technology and economizing behavior
induce vast changes in productivity, resource allocation, labor
utilization, and patterns of living. Economic growth is seen as a
process by which businesses, regimes, countries, and the whole
world pass through distinct epochs, each one emerging from its
predecessor, each one creating the conditions for its successor.
Viewed from a long run perspective, growth must be characterized as
an explosive process, marked by turbulent transitions in social and
political life as societies adapt to new opportunities, the demise
of old ways of living, and to the vast increase and redistribution
of human populations. The book is based on a new and unique
synthesis of classical economics and contemporary concepts of
adaptation and economic evolution. Although it is based on
analytical methods, the text has been stripped of all equations and
with few exceptions is devoid of technical jargon.
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