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Machines and Economic Growth: The Implications for Growth Theory of the History of the Industrial Revolution by Natalie McPherson 9780313292552

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Description

The historical record concerning industrialization since 1770 is consistent with the classical view of economic growth, but not with the currently accepted neo-classical growth theory. Flaws in the logic and empirical short-comings of the neo-classical theory suggest that it should be rejected. Specifically, ideas that originate in static concepts cannot be applied to growth, a dynamic process. Nineteenth-century industrialization, the world wars and the Depression, the post-war boom, and the more recent slowdown in growth are discussed.

Book Information
ISBN 9780313292552
Author Natalie McPherson
Format Hardback
Page Count 280
Imprint Praeger Publishers Inc
Publisher ABC-CLIO

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