This paper comments an important book by Maurice FG. Scott, «A New View of Economic Growth». The main contribution of the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical theories of growth are based on an error in...

Economic growth together with gross domestic product increase - have been considered as principal criteria of countries´ welfare. Contemporary era witnesses profound changes within countries and their population. These have been reflected in impacts on evaluating wealth, happiness and content...