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Technology, Institutions, and Economic Growth

About Technology, Institutions, and Economic Growth

This book mounts a full-blown attack on the standard neo-classical theory of economic growth, which Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way.

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  • Language:
  • English
  • ISBN:
  • 9780674019164
  • Binding:
  • Hardback
  • Pages:
  • 312
  • Published:
  • November 30, 2005
  • Dimensions:
  • 167x245x26 mm.
  • Weight:
  • 606 g.
Delivery: 2-4 weeks
Expected delivery: December 20, 2024
Extended return policy to January 30, 2025

Description of Technology, Institutions, and Economic Growth

This book mounts a full-blown attack on the standard neo-classical theory of economic growth, which Nelson sees as hopelessly inadequate to explain the phenomenon of economic growth. He presents an alternative theory which highlights that economic growth driven by technological advance involves disequilibrium in a fundamental and continuing way.

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