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Appunti su a New View of Economic Growth di Maurice Fitzgerald Scott

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Abstract

This paper comments an important book by Maurice FG. Scott, «A New View of Economic Growth». The main contribution of the book is to show that capital investment can sustain endogenous growth, as it embodies technical progress. Neoclassical theories of growth are based on an error in measurement. A possible policy implication is lower taxation of capital income, but an alternative is higher public investment

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  • Massimo Florio, 2011. "Appunti su a New View of Economic Growth di Maurice Fitzgerald Scott," Working Papers 201104, CSIL Centre for Industrial Studies.
    • Handle: RePEc:mst:wpaper:201104
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    File URL: https://www.csilmilano.com/docs/WP2011_04.pdf
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    Keywords

    Economic growth; Depreciation; Public Investment; Capital taxation;
    All these keywords.

    JEL classification:

    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity

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