The New Growth Theory: Some Intellectual Growth Accounting
AbstractThis paper discusses the reasons for the success of the New Growth theory. Given that the NGT has a somewhat tautological quality, that its essential ideas have been known for a long time, and that it does not make contact with a large literature on institutions and economic change, its strong success is arguably surprising. At any rate, it causes problems for models of scientific change that focus on novel facts as a criterion of progress, such as Lakatos'. The success of the NGT is better explained by, for example, Laudan's focus on increased problem-solving ability as an important cause of scientific change
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Bibliographic InfoPaper provided by Department of Industrial Economics and Strategy, Copenhagen Business School in its series IVS/CBS Working Papers with number 97-2.
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economic growth; The methodology of scientific research programms;
Other versions of this item:
- Nicolai Foss, 1998. "The new growth theory: some intellectual growth accounting," Journal of Economic Methodology, Taylor and Francis Journals, vol. 5(2), pages 223-246.
- B4 - Schools of Economic Thought and Methodology - - Economic Methodology
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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- Garzarelli, Giampaolo & Limam, Yasmina Reem & Thomassen, Bjørn, 2007. "Open Source Software and Economic Growth: A Classical Division of Labor Perspective," MPRA Paper 3849, University Library of Munich, Germany.
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