In this provocative work, Gerald Scully develops and empirically tests a theory about how a nation's constitutional setting affects its economic growth. Modern growth theory links the rise in the standard of living to capital formation, both physical and human, and to technological progress, and...

Main description: Are the recurring recessions of the capitalist world merely short-term adjustments to changing economic circumstances in a system that tends, in general, toward equilibrium? In this accessible study of the business cycle, Howard Sherman makes a powerful case that recessions and...

Frontmatter -- Preface -- Contents -- Foreword -- 1. Introduction: The Argument in Brief -- Part One. Neglected Realm of Social Scarcity -- Part Two. The Commercialization Bias -- Part Three. The Depleting Moral Legacy -- Part Four. Perspective and Conclusions -- References -- Index

Frontmatter -- Preface -- Contents -- The setting of the problem -- Patent statistics -- The role of intellectual stimuli -- The use of important inventions as a cause of further inventions -- Productivity advance: A Case of supply and demand? -- The amount of invention is governed by the extent...

Frontmatter -- FOREWORD -- CONTENTS -- Lecture I. WORLD ECONOMIC STRUCTURE: DIVERSITY AND INTERDEPENDENCE -- Lecture II. CHARACTERISTICS OF MODERN ECONOMIC GROWTH -- Lecture III. THE AFTERMATH OF WORLD WAR II -- Lecture IV. POSTWAR ECONOMIC GROWTH: FINDINGS AND QUESTIONS -- INDEX

Frontmatter -- Preface -- Contents -- Tables -- I. Level and Variability of Rates of Growth -- II. Growth of Productivity and Nonconventional Costs -- III. Sectoral Shares in Product: A Cross-Section View -- IV. Sectoral Shares in Product: Long-Term Trends -- V. Sectoral Shares in Labor Force: A...

Frontmatter -- PREFACE / Η. H., G. -- CONTENTS -- TABLES -- PART ONE: THE ITALIAN MIRACLE -- CHAPTER I. THE POSTWAR ECONOMY OF ITALY IN PERSPECTIVE -- CHAPTER II. INFLATION AND MONETARY POLICY, 1945-1949 -- CHAPTER III. THE LONG BOOM, 1948-1961: OUTPUT, PRICES, AND INCOME -- CHAPTER IV. THE...

Frontmatter -- ACKNOWLEDGMENTS -- CONTENTS -- INTRODUCTION -- CHAPTER 1. AN OUTLINE OF FRENCH AND BRITISH ECONOMIC GROWTH SINCE 1851 -- CHAPTER 2. RESOURCES -- CHAPTER 3. CAPITAL -- CHAPTER 4. POPULATION -- CHAPTER 5. SOCIAL DETERMINANTS OF GROWTH -- CHAPTER 6. ENTREPRENEURSHIP -- CHAPTER 7....

Frontmatter -- ACKNOWLEDGMENTS -- CONTENTS -- TABLES -- FIGURES -- INTRODUCTION -- CHAPTER I. The Lewis Model of Growth with Unlimited Supplies of Labor -- CHAPTER II. Fast-Growing Developed Economies with Expanding Labor Supply: Germany, Italy, Switzerland, and the Netherlands -- CHAPTER III....

Frontmatter -- Foreword -- Preface -- CONTENTS -- TABLES -- TABLES IN NOTES -- Diagrams -- Illustrations -- INTRODUCTION -- PART I. Arc Lighting -- I. The Setting -- II. The Rise of Leading Firms -- III. Interfirm Relations -- IV. The Arc-Carbon Industry -- V. The Dynamics of the Industry --...