McCloskey, Deirdre Nansen - Volkswirtschaftliche Fakultät, … - 2009
, or they depreciate. They cannot accumulate from an age of piracy to an age of industry. Yet modern growth theory …, unhappily, reinstates as initiating the theory of stages and, especially, capital accumulation. They are not initiating, whether … in physical or human capital. Innovation 1700-2010 pushed the marginal product of all capitals steadily out, and the …