The Sources of Economic Growth Richard R. Nelson

Name: The Sources of Economic Growth Richard R. Nelson
SKU: X99-80
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Šifra: X99-80

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Autor	Richard R. Nelson
Uvez	Meki
Izdavač	Harvard University Press
Godina izdavanja	1996
Stranica	328
Stanje	Rabljeno / Vrlo dobro očuvano 9/10
Jezik	Engleski

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The Sources of Economic Growth Richard R. Nelson

Technological advance is the primary force behind economic growth, argues Richard Nelson in this new collection. Investments in physical and human capital contribute to growth largely as handmaidens to technological advance. And technological advance needs to be understood as an evolutionary process, depending much more on ex post selection and learning than on ex ante calculation. That is why it proceeds much more rapidly under conditions of competition than under monopoly or oligopoly.