In this book the Nobel Prize-winning economist Robert Lucas
collects his writings on economic growth, from his seminal "On the
Mechanics of Economic Development" to his previously unpublished
1997 Kuznets Lectures.
The chapters progress from a general theory of how growth could
be sustained and why growth rates might differ in different
countries, to a model of exceptional growth in certain countries in
the twentieth century, to an account of the take-off of growth in
the Industrial Revolution, and finally to a prediction about
patterns of growth in this new century. The framework in all the
chapters is a model with accumulation of both physical and human
capital, with emphasis on the external benefits of human capital
through diffusion of new knowledge or on-the-job learning, often
stimulated by trade. The Kuznets Lectures consider the interaction
of human capital growth and the demographic transition in the early
stages of industrialization. In the final chapter, Lucas uses a
diffusion model to illustrate the possibility that the vast
intersociety income inequality created in the course of the
Industrial Revolution may have already reached its peak, and that
income differences will decline in this century.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
