Understanding Long-Run Economic Growth
The sources and conditions conducive to economic growth and development are among the most studied and debated topics in economics. If there is any consensus, it is that institutions matter greatly in explaining why some economies do better, over time, than others. Understanding Long-Run Economic Growth probes the long-term effects early colonial differences had on immigration policy, land distribution, financial development, and urban structures. It explores the interrelationship between economic conditions, inequality, and growth in a variety of different settings. Among the topics examined are the development of credit markets in France, the evolution of transportation companies and patent tendencies in the United States and United Kingdom, the expansion of secondary school enrollment and the organization of innovation and inventions in the United States, and the experiences of Asia that have both motivated theories and exceeded expectations of economic development. There is a focus on how elites were able to use their positions of power to monopolize land, credit, and other crucial resources, limiting incentives for ordinary people to invest in human capital or technological discovery. This volume would be of interest to economists, historians, and scholars who are interested in fundamental issues in economic development, growth, and innovation.
Other Persons: | Costa, Dora L. (contributor) |
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Institutions: | University of Chicago Press |
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