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The New Growth Theory: Some Intellectual Growth Accounting

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  • Nicolai J. Foss

Abstract

This 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

Suggested Citation

  • Nicolai J. Foss, "undated". "The New Growth Theory: Some Intellectual Growth Accounting," IVS/CBS Working Papers 97-2, Department of Industrial Economics and Strategy, Copenhagen Business School.
    • Handle: RePEc:ivs:iivswp:97-2
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    File URL: http://ep.lib.cbs.dk/download/ISBN/8778690072.pdf
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    Cited by:

    1. Ikonomou, Constantinos, 2023. "Another View on Growth Matters: Investment, Capital, and Solow Residual," MPRA Paper 119003, University Library of Munich, Germany.
    2. 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.

    More about this item

    Keywords

    economic growth; The methodology of scientific research programms;

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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