New Perspectives on Economic Growth and Technological Innovation
By (author) F. M. Scherer
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New Perspectives on Economic Growth and Technological Innovation by F. M. Scherer
Book DescriptionTwo hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century. Copublished with the British-North American Committee
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Book DetailsISBN: 9780815777953
(229mm x 152mm x 12mm)
Imprint: Brookings Institution
Publisher: Brookings Institution
Publish Date: 1-Jan-1999
Country of Publication: United States
Books By Author F. M. Scherer
Quarter Notes and Bank Notes, Paperback (June 2012)
Analyzes the changing trends in how composers acquired their skills and earned their living, examining such impacts as demographic developments and modes of transportation. This book offers insight into the diversity of composers' economic aspirations, the strategies through which they pursued success, and the emergence of copyright protection.
Industry Structure, Strategy and Public Policy, Paperback (January 1997)» View all books by F. M. Scherer
Designed to serve either as a core text or as a supplementary case book, this work examines issues in industrial organization.
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Author Biography - F. M. Scherer
F. M. Scherer is Aetna Professor of Public Policy and Corporate Management in the Kennedy School of Government at Harvard University and former chief economist of the U.S. Federal Trade Commission, Massachusetts, USA. His numerous publications include Competition Policies for an Integrated World Economy (Brookings, 1994)
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