Call Boomerang Books 1300 36 33 32

Description - Endogenous Growth Theory by Philippe Aghion

Advanced economies have experienced a tremendous increase in material well- being since the industrial revolution. Modern innovations such as personal computers, laser surgery, jet airplanes, and satellite communication have made us rich and transformed the way we live and work. But technological change has also brought with it a variety of social problems. It has been blamed at various times for increasing wage and income inequality, unemployment, obsolescence of physical and human capital, environmental deterioration, and prolonged recessions.To understand the contradictory effects of technological change on the economy, one must delve into structural details of the innovation process to analyze how laws, institutions, customs, and regulations affect peoples' incentive and ability to create new knowledge and profit from it. To show how this can be done, Philippe Aghion and Peter Howitt make use of Schumpeter's concept of creative destruction, the competitive process whereby entrepreneurs constantly seek new ideas that will render their rivals' ideas obsolete.Whereas other books on endogenous growth stress a particular aspect, such as trade or convergence, this book provides a comprehensive survey of the theoretical and empirical debates raised by modern growth theory. It develops a powerful engine of analysis that sheds light not only on economic growth per se, but on the many other phenomena that interact with growth, such as inequality, unemployment, capital accumulation, education, competition, natural resources, international trade, economic cycles, and public policy.

Buy Endogenous Growth Theory by Philippe Aghion from Australia's Online Independent Bookstore, Boomerang Books.

Book Details

ISBN: 9780262011662
ISBN-10: 0262011662
Format: Hardback
(254mm x 183mm x 40mm)
Pages: 708
Imprint: MIT Press
Publisher: MIT Press Ltd
Publish Date: 30-Jan-1998
Country of Publication: United States

Other Editions - Endogenous Growth Theory by Philippe Aghion

Book Reviews - Endogenous Growth Theory by Philippe Aghion

» Have you read this book? We'd like to know what you think about it - write a review about Endogenous Growth Theory book by Philippe Aghion and you'll earn 50c in Boomerang Bucks loyalty dollars (you must be a Boomerang Books Account Holder - it's free to sign up and there are great benefits!)

Write Review

Author Biography - Philippe Aghion

Philippe Aghion is Robert C. Waggoner Professor of Economics at Harvard University. Aghion is coauthor (with Peter Howitt) of Endogenous Growth Theory (MIT Press, 1997). Peter Howitt is Lyn Crost Professor of Social Sciences at Brown University. Howitt is coauthor (with Philippe Aghion) of Endogenous Growth Theory (MIT Press, 1997).

Books By Philippe Aghion

Impact of Incomplete Contracts on Economics by Philippe Aghion
Paperback, January 2016
Creating a Learning Society by Philippe Aghion
Paperback, October 2015
Handbook of Economic Growth by Philippe Aghion
Hardback, November 2013
Economics of Growth by Philippe Aghion
Hardback, December 2008