Theorists of Economic Growth from David Hume to the Present: With a Perspective on the Next Century
Oxford University Press, 24.09.1992 г. - 733 страници
This history of theories and theorists of economic growth elucidates the economic theory, economic history, and public policy observations of the renowned scholar W. W. Rostow. Looking at the economic growth theories of the classic economists up to 1870, Rostow compares Hume and Adam Smith, Malthus and Ricardo, and J.S. Mill and Karl Marx. He then examines the period 1870-1939 and its economic theorists, including Schumpeter, Colin Clark, Kuznets, and Harrod, and surveys the three forms of growth analysis in the postwar era: formal models, statistical morphology, and development theories. This authoritative overview also includes an agenda of unresolved problems in growth analysis and a description of the five major tasks statesmen will confront over the next several generations.
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Adam Smith advanced industrial agricultural Alfred Marshall Britain British business cycle capital century Chapter Clark classical Colin Clark consumption cyclical David Hume demand developing countries diminishing returns doctrine dynamic Economic Development economic growth economists employment equilibrium essay example exports factors Figure fluctuations force growth models growth rates Harrod human Hume Ibid important increasing returns innovation interest investment J. M. Keynes J. R. Hicks J. S. Mill Keynes Kondratieff Kuznets labor land limits to growth major Malthus manufactures Marshall Marshall’s Marx Marx’s Mill Mill’s modern national income neoclassical noneconomic output passage period Pioneers political economy population problem production profits rate of growth real wages relation relative prices Ricardo rise role saving Schumpeter Schumpeter's social society stages statistical supply takeoff technical progress terms of trade tion trend University Press variables W. W. Rostow wealth World Bank world economy
Страница 48 - According to the system of natural liberty the sovereign has only three duties to attend to; three duties of great importance, indeed, but plain and intelligible to common understandings: first, the duty of protecting the society from the violence and invasion of other independent societies; secondly, the duty of protecting, as far as possible, every member of the society from the injustice and oppression of every other member of it...
Страница 123 - When, in the course of development, class distinctions have disappeared, and all production has been concentrated in the hands of a vast association of the whole nation, the public power will lose its political character.
Страница 122 - No social order ever perishes before all the productive forces for which there is room in it have developed; and new, higher relations of production never appear before the material conditions of their existence have matured in the womb of the old society itself.
Страница 122 - In the social production which men carry on they enter into definite relations that are indispensable and independent of their will; these relations of production correspond to a definite stage of development of their material powers of production. The sum total of these relations of production constitutes the economic structure of society — the real foundation on which...
Страница 34 - How selfish soever man may be supposed, there are evidently some principles in his nature, which interest him in the fortune of others, and render their happiness necessary to him, though he derives nothing from it except the pleasure of seeing it.
Страница 47 - It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves, not to their humanity but to their self-love, and never talk to them of our own necessities but of their advantages.
Страница 38 - The sovereign, for example, with all the officers both of justice and war who serve under him, the whole army and navy, are unproductive labourers. They are the servants of the public, and are maintained by a part of the annual produce of the industry of other people.
Страница 47 - But man has almost constant occasion for the help of his brethren, and it is in vain for him to expect it from their benevolence only.
Страница 49 - But it is only for the sake of profit that any man employs a capital in the support of industry ; and he will always, therefore, endeavour to employ it in the support of that industry of which the produce is likely to be of the greatest value, or to exchange for the greatest quantity either of money or of other goods.
Страница 504 - I shall therefore venture to acknowledge, that, not only as a man, but as a British subject, I pray for the flourishing commerce of Germany, Spain, Italy, and even France itself. I am at least certain that Great Britain, and all those nations, would flourish more, did their sovereigns and ministers adopt such enlarged and benevolent sentiments towards each other.