Thinking about Growth: And Other Essays on Economic Growth and Welfare (Studies in Economic History and Policy: USA in the Twentieth Century)

The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of the current views of economists on the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changing character of industries and occupations. These essays disclose the central role of technological progress, take up the relations of science, technology, and business, and discuss the conditions that make for investment in research and the widespread exploitation of new knowledge. They show how Japan and Europe had an unusual opportunity after the war to advance rapidly by following in paths of technology and industrial organization pursued earlier by the United States, and how a remarkable set of circumstances and policies governing trade, investment, population migration, and money worked together to sustain rapid and concerted growth for many years. The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress. The essays in this book explore the forces behind modern economic growth and, in particular, the causes of the extraordinary surge of growth since the Second World War. The introductory essay is an extended treatment of how economists now view the growth process and its causes. Other essays consider the contributions of capital formation, education, and the changed nature of industries and occupations. Professor Abramovitz asks why elevated incomes failed to bring the social progress and personal satisfaction that people had looked for. The final chapters in the book take up the causes of our discontent and consider whether the Welfare State has itself become an obstacle to further economic progress

the Essays In This Book Explore The Forces Behind Modern Economic Growth And, In Particular, The Causes Of The Extraordinary Surge Of Growth Since The Second World War. The Introductory Essay Is An Extended Treatment Of The Current Views Of Economists On The Growth Process And Its Causes. Other Essays Consider The Contributions Of Capital Formation, Education, And The Changing Character Of Industries And Occupations.these Essays Disclose The Central Role Of Technological Progress, Take Up The Relations Of Science, Technology, And Business, And Discuss The Conditions That Make For Investment In Research And The Widespread Exploitation Of New Knowledge. They Show How Japan And Europe Had An Unusual Opportunity After The War To Advance Rapidly By Following In Paths Of Technology And Industrial Organization Pursued Earlier By The United States, And How A Remarkable Set Of Circumstances And Policies Governing Trade, Investment, Population Migration, And Money Worked Together To Sustain Rapid And Concerted Growth For Many Years.

The essays in this book explore the forces behind modern economic growth, concentrating on the surge of growth since World War II. Essays include discussion of how Japan and Europe follow a set of circumstances and policies to sustain rapid growth, the contributions of education etc