Theorists of Economic Growth from David Hume to the Present: With a Perspective on the Next CenturyThis history of theories and theorists of economic growth elucidates the economic theory, economic history, and public policy observations of the renowned scholar W. W. Rostow. Looking at the economic growth theories of the classic economists up to 1870, Rostow compares Hume and Adam Smith, Malthus and Ricardo, and J.S. Mill and Karl Marx. He then examines the period 1870-1939 and its economic theorists, including Schumpeter, Colin Clark, Kuznets, and Harrod, and surveys the three forms of growth analysis in the postwar era: formal models, statistical morphology, and development theories. This authoritative overview also includes an agenda of unresolved problems in growth analysis and a description of the five major tasks statesmen will confront over the next several generations. |
Contents
Introduction | 3 |
DAVID HUME TO KARL | 11 |
T R Malthus and David Ricardo | 51 |
Copyright | |
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Adam Smith advanced industrial agricultural Alfred Marshall basic boom Britain British business cycle business-cycle century Chapter Clark classical Colin Clark commodities cyclical David Hume decline demand depression developing countries diminishing returns dynamic economic growth economists effect employment equilibrium expansion exports factors Figure fluctuations forces growth analysis growth models growth rates Harrod human Hume Hume's Ibid important innovation investment J. M. Keynes J. S. Mill Keynes Keynes's Kondratieff Kuznets labor limits to growth major Malthus Malthus's manufactures Marshall Marshall's Marx Marx's Mill Mill's modern movement national income neoclassical output passage period political economy population problem production profits rate of growth rate of interest real income real wages relation relative prices Ricardo rise role saving Schumpeter Schumpeter's sectors Simon Kuznets social society stages statistical supply takeoff terms of trade tion trend United variables W. W. Rostow wealth world economy