The Divergent Dynamics of Economic Growth
Studies in Adaptive Economizing, Technological Change, and Economic Development
By (author) Richard H. Day
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Divergent Dynamics of Economic Growth by Richard H. Day
Book DescriptionThis book explains how changing technology and economizing behaviour induce vast changes in productivity, resource allocation, labour 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 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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Book DetailsISBN: 9780521681056
(228mm x 152mm x 15mm)
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 15-Feb-2007
Country of Publication: United Kingdom
Books By Author Richard H. Day
Divergent Dynamics of Economic Growth, Hardback (November 2003)» View all books by Richard H. Day
This book offers a synthesis of classical economics with contemporary concepts of adaptation and economic evolution.
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