Recent years have seen greater attention being given to the role of markets as an instrument of economic development. Responding to new thinking and changed economic circumstances, governments' perceptions of their own role in the management of their economies have shifted. This volume distils...

There is now a considerable literature in capital theory dealing with "learning by doing" and with the question of the "embodiment" of technical knowledge of a given period in the capital goods produced in that period. There have, however, been relatively few attempts to examine these questions...