IDEAS home Printed from https://ideas.repec.org/a/cup/jhisec/v22y2000i03p309-328_00.html
   My bibliography  Save this article

Perspectives on Allyn Young in Theories of Endogenous Growth

Author

Listed:
  • Sandilands, Roger J.

Abstract

A central message of Allyn Abbott Young's (1928) seminal paper on increasing returns and economic progress was the seeming tautology that “the division of labor depends in large part upon the division of labor.†From this he deduced that a major source of growth is growth itself. In this fundamental sense growth is endogenous and cumulative. He spoke of the “togetherness†of economic phenomena and doubted that the apparatus of supply and demand and marginal productivity theory could be integrated to give the social picture or explain why growth tends to be self-sustaining rather than self-exhausting.

Suggested Citation

  • Sandilands, Roger J., 2000. "Perspectives on Allyn Young in Theories of Endogenous Growth," Journal of the History of Economic Thought, Cambridge University Press, vol. 22(3), pages 309-328, September.
    • Handle: RePEc:cup:jhisec:v:22:y:2000:i:03:p:309-328_00
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S1053837200006490/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Robert W. Dimand, 2012. "The Roots of the Present are in the Past: The Relation of Postwar Developments in Macroeconomics to Interwar Business Cycle and Monetary Theory," Chapters, in: Thomas Cate (ed.), Keynes’s General Theory, chapter 5, Edward Elgar Publishing.
    2. Rosolino A. Candela, 2022. "The Division of Labor and Knowledge is Limited by the Division of Ownership Over the Ultimate Resource: The Role of Economies of Scope in Julian Simon," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 35(3), pages 323-341, September.
    3. Voosholz, Frauke, 2014. "A survey on modeling economic growth. With special interest on natural resource use," CAWM Discussion Papers 69, University of Münster, Münster Center for Economic Policy (MEP).
    4. Yao-Su Hu, 2019. "The Impact of Increasing Returns on Knowledge and Big Data: From Adam Smith and Allyn Young to the Age of Machine Learning and Digital Platforms," SPRU Working Paper Series 2019-14, SPRU - Science Policy Research Unit, University of Sussex Business School.
    5. Maiju Perälä, 2003. "'Looking at the Other Side of the Coin': The Relationship between Classical Growth and Early Development Theories," WIDER Working Paper Series DP2003-38, World Institute for Development Economic Research (UNU-WIDER).
    6. Musa Jega Ibrahim, 2006. "An evaluation of the developmental implications of the World Bank and IMF lending policies," Working Papers id:535, eSocialSciences.
    7. Ramesh Chandra & Roger Sandilands, 2006. "The role of pecuniary external economies and economies of scale in the theory of increasing returns," Review of Political Economy, Taylor & Francis Journals, vol. 18(2), pages 193-208.
    8. Florentine Schwark, 2010. "Economics of Endogenous Technical Change in CGE Models - The Role of Gains from Specialization," CER-ETH Economics working paper series 10/130, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    9. Ramesh Chandra, 2022. "Was Allyn Young a Marshallian?," Australian Economic Papers, Wiley Blackwell, vol. 61(2), pages 258-279, June.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jhisec:v:22:y:2000:i:03:p:309-328_00. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/het .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.