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The Path of Economic Growth

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  • Lowe,Adolph

Abstract

The writings on the theory of economic growth share almost without exception two characteristics – they deal exclusively with steady growth or equilibrium dynamics, and they try to predict the actual course of long-term development on the basis of greatly oversimplified behaviour assumptions. This book, first published in 1976, studies the many variants of a disequilibrium path, which growth processes pursue under the impact of major growth stimuli – changes in labour supply, in natural resources, and in technology. The study gives direction to public policies, sharply distinguishing between the requirements of market economies and of planned systems.

Suggested Citation

  • Lowe,Adolph, 2010. "The Path of Economic Growth," Cambridge Books, Cambridge University Press, number 9780521125338.
    • Handle: RePEc:cup:cbooks:9780521125338
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