Why Economies Grow
The Forces That Shape Prosperity and How We Can Get Them Working Again
By (author) Jeff Madrick
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Why Economies Grow by Jeff Madrick
Book DescriptionThe forces that shape economic growth: The size of markets. Large markets make economies of scale possible and thus encourage saving, investing, and the development of new products. The availability of information and the literacy of the population. The spread of information gives people access to scientific and technical ideas, products, and productive farming, manufacturing, and marketing techniques. Natural resources. These seem like primary requirements but are not: they depend on markets for their commercial value. Surplus capital--savings--that can be used as investment. Basic economic rights such as guarantees of property and contracts. Entrepreneurialism, creativity, and the human drive for self-improvement. Technology and invention. While commonly seen as primary (or even the only) requirements for growth, these are strongly dependent on other factors.
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Book DetailsISBN: 9780465043118
(235mm x 156mm x 24mm)
Imprint: Basic Books
Publisher: The Perseus Books Group
Publish Date: 25-Sep-2002
Country of Publication: United States
Books By Author Jeff Madrick
How Big Should Our Government be?, Paperback (June 2016)
The size of government is arguably the most controversial discussion in United States politics, and this issue won't fade from prominence any time soon. There must surely be a tipping point beyond which more government taxing and spending harms the economy, but where is that point? This book answers this question.
Seven Bad Ideas, Paperback / softback (August 2015)
Reprint of the edition published: New York: Alfred A. Knopf, 2014.
Case for Big Government, Paperback (February 2010)» View all books by Jeff Madrick
Political conservatives have long believed that the best government is a small government. But if this were true, the author argues, the nation would not be experiencing stagnant wages, rising health care costs, increasing unemployment, and concentrations of wealth for a narrow elite.
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Author Biography - Jeff Madrick
Formerly the financial editor of BusinessWeek, Jeffrey Madrick is a monthly columnist for the New York Times "Economic Scene" and a frequent essayist for the New York Review of Books. A contributor of opinion pieces to the New York Times, the Washington Post and the Los Angeles Times, he has also appeared as a guest on CNN, CNBC, NPR, and PBS's "Charlie Rose Show."
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