Economic Growth: A Unified Approach by Olivier de la Grandville

By Olivier de la Grandville

How can society increase its dwelling criteria? What are the stipulations worthwhile for prosperity? those are the questions that outline the essence of development concept. during this basic booklet, Olivier de los angeles Grandville offers a desirable advent to the speculation of financial development and indicates what number effects from this box are of paramount value for society. The classical mechanics of the expansion technique are rigorously defined, with chapters dedicated to the elemental factor of the substitution of work for capital within the progress procedure (co-written with Robert M. Solow, winner of the Nobel Prize in Economics). The ebook additionally addresses the elemental query of the optimum funding expense of an financial system. moreover, de los angeles Grandville exhibits us that by way of unifying the descriptive and normative elements of progress thought we will be able to generate many clean insights, together with an evidence of Adam Smith's 'Invisible Hand' conjecture.

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Economic Growth: A Unified Approach

How can society enhance its dwelling criteria? What are the stipulations precious for prosperity? those are the questions that outline the essence of development thought. during this hassle-free ebook, Olivier de l. a. Grandville presents a desirable creation to the idea of financial progress and indicates what number effects from this box are of paramount significance for society.

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