This book by a Nobel laureate in economics begins with a brief exposition of Kenneth J. Arrow's classic paper "The Economic Implications of Learning by Doing" (1962). It shows how Arrow's idea fits into the modern theory of economic growth, and uses it as a springboard for a critical...

Robert Solow has made a seminal contribution in the field of aggregative economics. This authoritative volume will be an important starting point for any researcher or professional economist seeking to understand how this branch of economics advanced in the twentieth century.

[eng] Growth theory has been confronted to several methodological choices : constant capital-output ratio, demand or supply-side dynamics, embodiment of technological progress. The fundamental question lays in the growth momentum during intermediary phases between steady growth states and in the...

Global crises are very rare events. After the Great Depression and the Great Stagflation, new macroeconomic paradigms associated with a new policy regime emerged. This book addresses how some macroeconomic ideas have failed, and examines which theories researchers should preserve and develop. It...

How is work divided up in the household, within an industry, a nation or between continents? What are the dynamics of the division of labour? The wide-ranging contributions to this book explore these questions from technological, capital and political perspectives. They include in-depth studies...

The number of central banks in the world is approaching 180, a tenfold increase since the beginning of the twentieth century. What lies behind the spread of this economic institution? What underlying process has brought central banks to hold such a key role in economic life today? This book...