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- W3148022501 abstract "This book is a theoretical investigation of the influence of human learning on the development through time of a 'pure labour' economy. The theory proposed is a simple one, but aims to grasp the essential features of all industrial economies. Economists have long known that two basic phenomena lie at the root of long-term economic movements in industrial societies: capital accumulation and technical progress. Attention has been concentrated on the former. In this book, by contrast, technical progress is assigned the central role. Within a multi-sector framework, the author examines the structural dynamics of prices, production and employment (implied by differentiated rates of productivity growth and expansion of demand) against a background of 'natural' relations. He also considers a number of institutional problems. Institutional and social learning, know-how, and the diffusion of knowledge emerge as the decisive factors accounting for the success and failure of industrial societies." @default.
- W3148022501 created "2021-04-13" @default.
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- W3148022501 date "2018-01-01" @default.
- W3148022501 modified "2023-09-26" @default.
- W3148022501 title "Structural Economic Dynamics" @default.
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- W3148022501 doi "https://doi.org/10.1057/978-1-349-95189-5_1736" @default.
- W3148022501 hasPublicationYear "2018" @default.
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