Lectures on Economic Growth
By (author) Robert E. Lucas
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Lectures on Economic Growth by Robert E. Lucas
Book DescriptionIn 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collects his writings on economic growth, from his seminal "On the Mechanics of Economic Development" to his previously unpublished 1997 Kuznets Lectures.The chapters progress from a general theory of how growth could be sustained and why growth rates might differ in different countries, to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.
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Book DetailsISBN: 9780674016019
(227mm x 146mm x 12mm)
Imprint: Harvard University Press
Publisher: Harvard University Press
Publish Date: 3-Sep-2004
Country of Publication: United States
Books By Author Robert E. Lucas
Collected Papers on Monetary Theory, Hardback (January 2013)
One of the outstanding monetary theorists of the past 100 years, Lucas revolutionized our understanding of how money interacts with the real economy of production, consumption, and exchange. These 21 papers, published 1972--2007, cover core monetary theory and public finance, asset pricing, and the real effects of monetary instability.
Models of Business-cycles, Paperback (January 1987)» View all books by Robert E. Lucas
In the past decade macroeconomic theory has undergone a remarkable transformation. At the forefront has been the "rational expectations revolution," and this schoola s most brilliant exponent is Robert E. Lucas.
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Author Biography - Robert E. Lucas
Robert E. Lucas, Jr., is John Dewey Distinguished Service Professor of Economics at the University of Chicago. In 1995, he was awarded the Nobel Prize in Economics.
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