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The Sources of Economic Growth
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Bibliographic Detail
Publisher Harvard Univ Pr
Publication date December 1, 1996
Binding Hardcover
Book category Adult Non-Fiction
ISBN-13 9780674821453
ISBN-10 0674821459
Dimensions 1.25 by 6.50 by 9.75 in.
Weight 1.40 lbs.
Availability§ Out of Print
Original list price $49.95
Other format details university press
§As reported by publisher
Summaries and Reviews
Amazon.com description: Product Description:

Technological advance is the key driving force behind economic growth, argues Richard Nelson. Investments in physical and human capital contribute to growth largely as handmaidens to technological advance. Technological advance needs to be understood as an evolutionary process, depending much more on ex post selection and learning than on ex ante calculation. That is why it proceeds much more rapidly under conditions of competition than under monopoly or oligopoly.

Nelson also argues that an adequate theory of economic growth must incorporate institutional change explicitly. Drawing on a deep knowledge of economic and technological history as well as the tools of economic analysis, Nelson exposes the intimate connections among government policies, science-based universities, and the growth of technology. He compares national innovation systems, and explores both the rise of the United States as the world's premier technological power during the first two-thirds of the twentieth century and the diminishing of that lead as other countries have largely caught up.

Lucid, wide-ranging, and accessible, the book examines the secrets of economic growth and why the U.S. economy has been anemic since the early 1970s.



Editions
Hardcover
Book cover for 9780674821453
 
The price comparison is for this edition
from Harvard Univ Pr (December 1, 1996)
9780674821453 | details & prices | 6.50 × 9.75 × 1.25 in. | 1.40 lbs | List price $49.95
About: Technological advance is the key driving force behind economic growth, argues Richard Nelson.
Paperback
Book cover for 9780674001725
 
from Harvard Univ Pr (March 15, 2000)
9780674001725 | details & prices | 6.25 × 9.50 × 1.00 in. | 1.15 lbs | List price $35.00
About: Technological advance is the key driving force behind economic growth, argues Richard Nelson.

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