Cover -- Title Page -- Copyright -- Dedication -- Contents -- Preface -- Introduction: A Theory of Innovation, Flourishing, and Growth/ Edmund Phelps -- Overview of the Chapters/ Raicho Bojilov, Gylfi Zoega, and Hian Teck Hoon -- I. ESTIMATING INNOVATION-ACROSS TIME AND ACROSS NATIONS -- 1....

This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark """"Phelps volume,"""" Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently dominant approach to macroeconomic...

Economists disagree on what ails the economies of continental western Europe, which are widely perceived to be underperforming in terms of productivity and other metrics. Is it some deficiency in their economic systemin economic institutions or cultural attitudes? Is it some effect of their...

A crucial issue in the era of globalisation and internationalization, is whether the relationship between investment and finance is beneficial to growth and development. Received wisdom is that Research and Development is essential not only for maintaining productivity, but also for competing in...