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Growth Theory : An Exposition

Growth Theory : An Exposition - 2nd edition

Growth Theory : An Exposition - 2nd edition

ISBN13: 9780195056099

ISBN10: 0195056094

Growth Theory : An Exposition by Robert M. Solow - ISBN 9780195056099
Edition: 2ND 88
Copyright: 1988
Publisher: Oxford University Press
Published:
International: No
Growth Theory : An Exposition by Robert M. Solow - ISBN 9780195056099

ISBN13: 9780195056099

ISBN10: 0195056094

Edition: 2ND 88

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Summary

With American productivity growing at ever-smaller rates and international stock markets in spectacular turmoil, this distinguished book by one of the greatest living economists is more timely than ever. Organized around the famous Harrod-Domar conditions for equilibrium in a growing economy, Growth Theory: An Exposition presents a concise survey of the modern macroeconomic theory of growth, showing how the character of full-employment growth equilibrium changes and enlarges as more complicated assumptions are made about technology, invention, saving, and the existence of monetary assets. The book explores general policy issues and includes an elementary exposition of the problem of optimal paths of capital accumulation, and the discounting of the benefits of public investments. The paperback edition features the full text of Solow's Nobel Prize acceptance speech.