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Understanding Economic Growth: Review Article of Why Economies Grow

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Author Info
Andrew Sharpe ()
Abstract

The question of why economies grow has been at the heart of economic inquiry since Adam Smith. The final article is a review of the recent book Why Economies Grow: The Forces That Shape Prosperity and How to Get Them Working Again by Jeff Madrick. He argues that the growth of markets through trade, colonization, and domestic expansion was the predominate factor in Western economic development. While technological innovation is necessary to growth, it is as much a consequence of economic opportunity as it is a cause, and perhaps even more a follower of economic growth than a leader.

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File URL: http://www.csls.ca/ipm/8/review-e.pdf
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File URL: http://www.csls.ca/ipm/8/review-f.pdf
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Publisher Info
Article provided by Centre for the Study of Living Standards in its journal International Productivity Monitor.

Volume (Year): 8 (2004)
Issue (Month): (Spring)
Pages: 81-84
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Handle: RePEc:sls:ipmsls:v:8:y:2004:8

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Related research
Keywords: Technological Change Growth Productivity Growth 19th Century Economic Growth Productivity Slowdown Post-1973 Prosperity

Find related papers by JEL classification:
O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
N10 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - General, International, or Comparative
O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General

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This page was last updated on 2008-8-17.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.