Endogenous growth theory is now fashionable. It seeks to explain why per capita income growth in capital abundant countries is often faster than in capital poor countries and defies the operation of diminishing returns. This theory, which took off with Romer and Lucas, often makes Allyn Young`s...

1.Endogenous Growth: Introduction -- 2. Adam Smith and Economic Progress -- 3. Alfred Marshall on Organic Growth -- 4. Allyn Young on Increasing Returns -- 5. Nicholas Kaldor on Equilibrium Economics and Economic Growth -- 6. Lauchlin Currie and the Leading-Sector Model of Growth -- 7. Paul...

1. Introduction -- 2. Intellectual Influences on Allyn Young -- 3. Nature, Scope and Method of Economics -- 4. Allyn Young’s Contribution to Growth Theory -- 5. Allyn Young’s Contribution to Economic Theory -- 6. Allyn Young on Applied Economics -- 7. Allyn Young on Money, Banking and...